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Colgate-Palmolive India Shines in Q2: Net Profit Soars 16%! Discover the Details

Colgate-Palmolive India's Q2 Result showed net profit rose 16.17% to ₹395.05 crore, driven by broad growth across its product portfolios, showing notable financial improvement from last year.
Colgate-Palmolive India Shines in Q2: Net Profit Soars 16%! Discover the Details

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.

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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.

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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.

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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.

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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.

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