Colgate Palmolive India's quarterly adjusted profit rises on demand for premium products

Colgate-Palmolive Company

Colgate-Palmolive Company

CL

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May 22 (Reuters) - Colgate Palmoilve (India) COLG.NS posted a 2.7% rise in adjusted quarterly profit on Friday, supported by growing demand for its premium segment.

Here are some details:


  • The toothpaste maker's profit before exceptional items and taxes rose to 4.91 billion rupees ($51.3 million), from 4.78 billion rupees a year ago

  • The company recorded a one-time charge of 165.8 million rupees related to severance and other restructuring charges

  • The premium segment, which includes oral beauty and whitening, is expanding at three times the pace of the overall company

  • Revenue from operations rose 9% to 15.83 billion rupees, with domestic net sales increasing by 9.2%

  • Expenses rose 11.7%, hurt by higher raw material costs, driven by a war-related jump in crude prices

($1 = 95.6900 Indian rupees)


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