FMCG major Colgate-Palmolive India Ltd (CPIL) Monday achieved a 4.67 per cent rise in net profit at Rs 197.59 crore for the fourth quarter ended March 2019, led by volume growth.<\/p>\n
The company had reported a net profit of Rs 188.77 crore in January-March quarter a year ago, CPIL said in a BSE filing.<\/p>\n
Revenue from operations during the quarter was at Rs 1,146.63 crore, up 5.67 per cent from Rs 1,085.06 crore reported in the corresponding period last year.<\/p>\n
Total expenses were at Rs 885.16 crore, up 7.36 per cent from Rs 824.45 crore in the year-ago period.<\/p>\n
The company’s domestic volume had a 5 per cent, while overall volume grew 3 per cent, CPIL said in a statement.<\/p>\n
For the financial year 2018-19, CPIL’s net profit stood at Rs 775.57 crore, up 15.17 per cent from Rs 673.37 crore in 2017-18.<\/p>\n
Revenue from operations for 2018-19 stood at Rs 4,432.44 crore, up 3.08 per cent from Rs 4,299.89 crore in 2017-18.<\/p>\n
With strong investments in the advertising and brand building activities, CPIL has delivered a consistent domestic volume growth of 5 per cent despite high competitive intensity and moderation in consumer demand, CPIL Managing Director Issam Bachaalani said.<\/p>\n
Meanwhile, in a separate filing, CPIL told the BSE that its board has declared a special third interim dividend of Rs 8 per equity share of Re 1 (face value) for the financial year 2018-19.<\/p>\n
Shares of Colgate-Palmolive India Monday closed at Rs 1,180 on the BSE, up 1.57 per cent from its previous close.<\/p>\n","protected":false},"excerpt":{"rendered":"
FMCG major Colgate-Palmolive India Ltd (CPIL) Monday achieved a 4.67 per cent rise in net profit at Rs 197.59 crore for the fourth quarter ended March 2019, led by volume growth. The company had reported a net profit of Rs 188.77 crore in January-March quarter a year ago, CPIL said in a BSE filing. Revenue […]<\/p>\n","protected":false},"author":1,"featured_media":5290,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3833],"tags":[3941,3942,1184],"class_list":["post-5289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate","tag-colgate","tag-palmolive","tag-toothpaste"],"aioseo_notices":[],"yoast_head":"\n