The oral care company Colgate Palmolive reported an increase of 30.5% in net profit to Rs 273.7 crore against the Rs 209.7 crore reported during the same quarter of the previous fiscal year.

The revenue from operations of the company grew by 10.6% to Rs 1,323.67 crore for the quarter ending in June of the current fiscal year.

The company’s earnings per share jumped to Rs 10.6 for the quarter under review from Rs 7.71 during the previous quarter.

The company’s EBITDA jumped by 28% to Rs 418.12 crore for the quarter under review.

The cost of materials consumed raised to Rs 365.58 crore, up by 2.73% YoY.

Diwakar Rana, Senior Research Analyst, Prudent Equity on Colgate Palmolive’s most recent results, stated that “Colgate reported substantial numbers with both sales and PAT growth of 10.7 percent and 30.5 percent, the company’s toothpaste sales recorded high double-digit growth and domestic sales grew at 12.3 percent.”

Colgate Palmolive shares have given a return of 37.81% over the course of six months. The share has considerably outperformed the benchmark Nifty 50 index, which has given a return of 12.10% over the same duration.

The shares of Colgate reached a new 52-week high of Rs 2,027 after the company posted a strong Q1 report.

At 3:30 pm, the shares of colgate palmolive closed at Rs 2,004.05 or 6.39% above its previous close on NSE.