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Colgate-Palmolive’s Q3 net up 34 pc

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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.

Colgate-Palmolive's Q3 net up 34 pc
The company had reported a profit of Rs 127.82 crore during the corresponding period of last fiscal

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.

, 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.”