Colgate-Palmolive posts net profit of Rs 248.36 crore in the third quarter till December

Colgate-Palmolive (India) has reported a 24.74 per cent increase in net profit at Rs 248.36 crore in the third quarter ended in December. This in comparison to Rs 199.1 crore in the same quarter last year.

Total income of the company during the period under review stood at
Rs 1,241.81 crore up 7.70 per cent as compared to Rs 1,152.97 crore in the year-ago quarter, the FMCG said in a regulatory filing.

Ram Raghavan, Managing Director at Colgate-Palmolive (India) Ltd, said, "We are very pleased with not only the continued momentum on the business, but also the quality of the results. Our strategic and disciplined approach to building brands, driving innovation and relentless focus on winning on the ground continues to deliver as per our expectations." He also said that the company continues to invest in its brands with higher advertising spends to support innovations.