FMCG major Colgate-Palmolive India Ltd (CPIL) today reported net profit of Rs 189.51 crore for the first quarter of 2018-19, led by strong volume growth.
The company had posted net profit of Rs 136.38 crore in the April-June quarter last fiscal, 2017-18, CPIL said in a BSE filing.
Its net sales during the quarter under review were at Rs 1,033.55 crore. They were at Rs 1,109.88 crore in the year-ago period.
CPIL MD Issam Bachaalani said: "The company registered volume growth of 4 per cent in the first quarter with strong performance in naturals portfolio."
According to the company, the sales for the quarter are net of GST, while the year-ago figures include excise duty which has now been subsumed after implementation of GST. Hence, the results are not comparable.
Its total expenses was also down 14.40 per cent to Rs 799.10 crore.
On the outlook, Bachaalani said: "We will continue to deliver innovation and invest in advertising to build our brands in order to drive the growth."
CPIL stock was trading 2.89 per cent down at Rs 1,092.25 on BSE in the afternoon.
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