Monday, 15 May 2017

Colgate-Palmolive dips over 3% on disappointing Q4

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Shares of Colgate-Palmolive (India) fell over 3 per cent on the Bombay stock Exchange after the oral care products maker reported a marginal decline of 0.5 per cent in its net profit at Rs 142.58 crore for the fourth quarter ended March 31, 2017, dented by an increase in media investments.

Weighed down by Q4, shares of the company declined as much as 3.54 per cent to hit an intra-day low of Rs 979.00 apiece on the Bombay Stock Exchange. The scrip was currently trading at Rs 983.40 against the previous close price of Rs 1014.95.

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