Colgate-Palmolive Q2 net profit up 5.5% to Rs.342 crore, narrowly misses estimates
MUMBAI, Oct. 22 -- Toothpaste maker Colgate-Palmolive (India) Ltd reported a net profit of Rs.342 crore for the July-September quarter of FY27, representing 5.5% growth when excluding a charge related to the inverted duty structure due to GST changes. It reported year-on-year topline growth of 12.2% to Rs.1,691.57 crore for the quarter.
The company narrowly missed Bloomberg's estimates, which had projected net profit at Rs.343 crore and revenue at Rs.1,692 crore. In the preceding April-June quarter, the company had reported a profit of Rs.343 crore on revenue of Rs.1,591 crore.
"We are delighted to report double-digit topline growth for the second consecutive quarter. This consistent performance reflects broad-based growth momentum acro...
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