Colgate-Palmolive India Q2 results showed a net profit increase of 16.17% to ₹395.05 crore, attributed to growth across its product portfolios. This rise compares to a net profit of ₹340.05 crore during the same quarter last year, demonstrating significant financial progress.
Sales for the company rose by 10.04% to ₹1,609.21 crore in the quarter ended September 2024, up from ₹1,462.38 crore a year earlier. This increase highlights a robust demand for its products despite market challenges.
Also Read: Global Funds Sell Rs 1L Cr in Stocks Amid Concerns
Colgate-Palmolive India’s total expenses climbed by 13.6% year-on-year to ₹1,695.09 crore for the quarter. This rise in expenses reflects the company’s increased investment in advertising and product development during this period.
The company reported total income, including other incomes, at ₹1,164.64 crore, marking a 12.60% annual increase. This includes a one-off credit for interest on income tax refunds received, enhancing the quarter’s profitability.
Also Read: Aster DM Q2: 85% Profit Rise, 11% Stock Boost – Read More!
Advertising expenditures surged by 17.8% compared to the same quarter last year, supporting both brand and category development initiatives. The company emphasized its commitment to offering superior products, increasing investment in consumer satisfaction.
MD & CEO Prabha Narasimhan commented on the resilient topline performance amidst a challenging operating environment. Despite the positive earnings report, shares of Colgate-Palmolive India were down by 3.69% at ₹3,211.20 on BSE on Thursday.