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Colgate-Palmolive (India) announced Q1FY23 results:
- Net Sales up 2.5% over the same quarter of the previous year aggregating to Rs 1,186.6 crore for the quarter ended June 30, 2022
- Reported Net profit aftertax (excluding impact of exceptional item) for the quarter was Rs 216.6 crore as against the Net Profit of Rs 233.3 crore for the same quarter of the previous year
Mr. Mukul Deoras, Chairman at Colgate-Palmolive (India) Limited, said, “The current quarter continued to witness challenging trends that we saw in the previous quarter. While we remain cautiously optimistic that the trends will improve in the coming quarters, the current quarter was impacted by overall rural slowdown and inflationary pressures. Our overall pricing strategy and strong funding the growth programs delivered consistent margins while we continue to maintain our strong investment in innovation and brand building activities.
Our recent launch of Visible White O2 with patented innovative technology has been very well appreciated by the consumers. Also our new category launches such as Palmolive Face care range and extensions in the oral care segment with Advanced Electric Toothbrushes and Water Flossers have recorded encouraging response. Moreover, our relaunches of Colgate Strong Teeth and Colgate Vedshakti toothpaste have also been very well received, reinforcing our commitment to bring to market superior products that enhance consumer experiences.
As an organization we continue to live our values and remain unwavering in our focus to improve the health and well being of our consumers and deliverlong-term shareholder value.”
