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Colgate-Palmolive India Ltd (CPIL) reported a net profit of Rs. 196.37 crores, rising 10.58 per cent rise in for the quarter ended September 30, 2018. The company had earlier registered a net profit of Rs 177.57 crore in the July-September quarter of the previous fiscal.
Net sales of the FMCG major during the quarter under review went up by 7.66 per cent to Rs 1,160.63 crores as against Rs 1,077.98 crores from the year-ago corresponding quarter period.
CPIL MD Issam Bachaalani said, “Our aggressive efforts in the market have brought about an upswing in the overall growth momentum resulting in a volume growth of 7 per cent, in the second quarter.”
Bachaalani also added, “Understanding the shift of preference that consumers are exhibiting towards e-commerce, we continue to invest ahead of the growth curve with the objective of being market leaders online as well in addition to traditional stores.”
CPIL said in the BSE filing that the total expenses during the quarter under discussion jumped 6.69 per cent and stood at Rs. 878.29 crores as compared to Rs 823.20 crore from the preceding fiscal period.
EBITDA (earnings before interest, tax, depreciation and amortisation) rose to Rs 329.57 crores (up by 9.55% Y.o.Y) and margin expanded 48 basis points to 28.21 per cent for the quarter under review despite rising advertising and other expenses.
According to the company’s separate filing, the company has also declared the first interim dividend of Rs 8 per equity share of a rupee for 2018-19.
