FMCG firm Colgate Palmolive today posted a marginal decline in its net profit at Rs 114.06 crore for the quarter ended March 31, 2011.
The company posted a net profit of Rs 114.39 crore in the quarter ended March 31, 2010, Colgate-Palmolive said in a filing to the Bombay Stock Exchange.
Besides, the company also declared a third interim dividend of Rs 95.2 crore( Rs 7 per share) for the financial year 2010-2011.
"Including the third interim dividend, the company has paid a total dividend of Rs 22 per share for the financial year ended March 31,2011 as against Rs 20 per share in the previous year," it said.
During the quarter under review, the firm's net sales stood at Rs 581.77 crore, an increase by 12.61% from Rs 516.60 crore posted in the year-ago period.
For the year-ended March 31, 2011, the firm's net profit declined by 4.8% to Rs 402.58 crore. In the previous fiscal, the company posted a net profit of Rs 423.26 crore.
Colgate Palmolive had a net sales of Rs 2220.56 crore, a 13.15% increase last fiscal from Rs 1962.46 crore recorded during the previous financial year.
During the period, the company said it has achieved a volume growth of 12%, led by toothpaste category which grew by 13%.
"In the toothbrush category, the company recorded a volume growth of 18% at a market share of 40.3%," Colgate-Palmolive said.