Colgate-Palmolive India net rises 4.67%

Colgate-Palmolive India registered a net profit of ₹197.6 crore for the fourth quarter ended March 2019, a growth of 4.67% from ₹188.8 crore in the January-March 2018 period.

Net sales stood at ₹1,146.6 crore, an increase of 6% over the same quarter of the previous year. This was led by a domestic volume growth of 5%, the company said. “We are focussed on our priorities of strengthening the core of our business and driving sustainable profitable growth. With strong investments in our advertising and brand building activities, we have delivered a consistent domestic volume growth of 5%, despite high competitive intensity and moderation in consumer demand,” Issam Bachaalani, managing director at Colgate-Palmolive (India) Ltd, said.

For the full year 2018-19, the net profit stood at ₹775.6 crore (₹673.32 crore), up 15% over ₹673.32 crore in the previous year. “Excluding the impact of tax reversals and exceptional item, net profit after tax for FY19 increased by 11% over the previous year,” the company added.

The net sales for FY19 was ₹4,432.4 crore, a growth of 7% year-on-year.

The board declared a special interim dividend of ₹8 per share.

“The dividend payout to the shareholders will be ₹262.3 crore and will be paid on or after June 20, 2019…The total dividend would be ₹23 per share for the year 2018-19,” the company said.

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