Colgate-Palmolive net up 16%

Company's net sales up by 12 per cent to Rs 988.56 cr

FMCG major Colgate-Palmolive India on Friday posted a 16 per cent rise in net profit to Rs 130.86 crore for the quarter ended December. It had reported a net profit of Rs 112.83 crore for the same period of the previous financial year.

The company's net sales rose to Rs 988.56 crore, up 11.83 per cent from Rs 883.98 crore a year ago, Colgate-Palmolive India said in a filing to BSE.

"Our strong focus on driving efficiencies, reducing costs and innovating to drive premiumisation, coupled with a prudent price increase, have led to a significant gross margin expansion by 230 basis points," the company said.