Colgate-Palmolive s Q3 net up 34%

New Delhi Feb 5 (IANS) Colgate-Palmolive (India) on Monday said its net profit for the third quarter (Q3) ended December 31 2017 surged by 33.50 per cent to Rs 170.65 crore.

The company had reported a profit of Rs 127.82 crore during the corresponding period of last fiscal.

The total income of the company during the October-December quarter stood at Rs 1 042.36 crore -- up 4.01 per cent -- from Rs 1 002.12 crore reported during Q3 FY17.

"The company continues to maintain its leadership position in both the toothpaste and toothbrush categories with volume market shares for the period January-December 2017 at 53.7 per cent and 45.1 per cent respectively " the company said in a statement.

Issam Bachaalani Managing Director at Colgate-Palmolive (India) said "As the operating environment stabilises post the implementation of GST we are pleased to report overall strong results."

On Monday the company s scrip on the BSE traded higher by 0.40 per cent at Rs 1 119.45 per share (at 2.50 p.m.).

--IANS
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