Saturday, 28 January 2017

Colgate-Palmolive net profit down 14.2% in Q3

Oral care major Colgate-Palmolive India reported a 14.2 percent decrease in its net profit to Rs 127.8 crore in the quarter ended December 31, 2016 as against Rs 165.11 in the same period last year. The company said that reported net profit includes net tax reversals of Rs 16.5 crore. Its net sales in three months period ended December 31 was down by 8.6 percent temporarily impacted by the liquidity crunch, it said.

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