FMCG firm Colgate-Palmolive (India) today reported a 17.66% decline in net profit for the quarter ended June 30 to Rs 100.44 crore, mainly on account of rising raw material costs.
The company had posted a net profit of Rs 121.98 crore for the corresponding period last year, Colgate-Palmolive (India) said in a filing to the Bombay Stock Exchange (BSE).
Total revenue during the first quarter, however, increased by 14.49% to Rs 629.37 crore from Rs 549.72 crore in the year-ago period, it added.
During the first quarter of FY'12, the company paid a first interim dividend of Rs 8 per share, resulting in an outgo of Rs 108.8 crore, the filing said.
The company's raw and packing material costs went up by 34.76% to Rs 207.78 crore in the April-June period from Rs 154.19 crore in the same period last year.
Expenditure on advertising and sales promotion also rose by 42.35% to Rs 98.79 crore in the April-June quarter from Rs 69.40 crore in the same quarter of 2010-11, the firm said.
Reacting to the numbers, shares of the company were trading 0.71% up at Rs 985.45 apiece on the BSE in the late afternoon today.
