Colgate-Palmolive Q2 net profit up 11.8% at Rs 100 cr

NEW DELHI: Leading oral care company Colgate-Palmolive today posted an 11.8 per cent jump in net profit to Rs 100 crore for the quarter ended September 30 on the back of robust sales growth in the toothpaste category.

The company had registered a net profit of Rs 89.7 crore in the same period last fiscal.

Net sales of the company during the quarter stood at Rs 551.77 crore, a 13 per cent increase from Rs 487.26 crore in the corresponding quarter last fiscal.

During the period, the company said it achieved a volume growth of 13 per cent vis-a-vis the same quarter last fiscal, driven by a 12 per cent jump in sales of 'Colgate' brand toothpaste.

"During the current quarter, the company continued to support its brand and equity-building activities with advertising and sales promotion expenditure at Rs 78.9 crore," Colgate-Palmolive said in a statement.

Colgate-Palmolive sells toothpastes, tooth powder, toothbrushes and mouthwash under the 'Colgate' brand.