Col­gate In­dia Sales Slip, But Net Up 54%

The Economic Times - - Brands: Creating Desire - Press Trust of In­dia

New Delhi: FMCG ma­jor Col­gate-Pal­mo­live In­dia on Thurs­day re­ported an 8% rise in net profit to ₹ 136.4 crore for the first quar­ter ended June 30. The com­pany had posted a net profit of ₹ 125.7 crore dur­ing the same pe­riod pre­vi­ous fis­cal, the oral care prod­ucts maker said in a BSE fi- ling. Net sales dur­ing the quar­ter un­der re­view, how­ever, de­clined to ₹ 1,109.9 crore as against ₹ 1,141.5 crore in the April-June quar­ter last fis­cal, down 2.8%. The com­pany said the de­cline in sales was “largely due to de­stock­ing in the trade chan­nel ahead of the im­ple­men­ta­tion of GST.”

Col­gate-Pal­mo­live In­dia en­joys a lead­er­ship po­si­tion in both the tooth­paste and tooth­brush cat­e­gories, with vol­ume mar­ket shares at 54% and 45%, re­spec­tively, in Q12017-18. To­tal ex­penses dur­ing the pe­riod stood at ₹ 934 crore.

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