Colgate India Profit Rises on Oral Care Demand
Colgate-Palmolive India reported a rise in second-quarter profit driven by steady demand for its oral care portfolio and toothpaste range. Revenue from operations increased significantly as gross margins expanded.
Insights:
Colgate-Palmolive India reported a net profit of 3.42 billion rupees ($36.07 million) for the quarter ended September, driven by sustained oral care demand. The result marks an increase from the 3.28 billion rupees reported during the same period a year earlier. Operating revenue rose 12.3% to 16.92 billion rupees from 15.07 billion rupees.
