Colgate-Palmolive Q3 profit falls

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⭐ Colgate-Palmolive Q3 profit falls 

In the December quarter, the household and consumer products company’s net profit dropped 3.5% YoY to ₹243 crore. The net sales growth was also flat (0.8%) at ₹1,281 crore. The management said that oral care consumption continued to be weighed down, impacted by adverse macro factors.  


⭐ HDFC AMC profit rises 

In Q3FY23, India’s largest asset management company’s net profit rose 3% YoY to ₹369 crore.This was supported by a 20% rise in the other income to ₹103 crore. Its quarterly average AUM (assets under management) grew to ₹40.3 lakh crore in the December quarter from 38.2 lakh crore in Q3FY22. 


⭐ PNB shares jump on strong Q3

Shares of the housing finance company rose after it reported 43% YoY rise in its net profit to ₹269 crore. The asset quality also improved with the gross non-performing assets or bad loans dropping to 4.8% of the loan book from 8.1% in the same quarter last year.

Global markets (at 9:15 AM today)

Indices Today's movement
SGX Nifty ▼ 0.65%
Nikkei 225 (Japan) ▲ 0.41%
Hang Seng (Hong Kong) ▲ 1.79%
SSE Composite (China) ▲ 0.75%
Dow Jones (US) (January 24) ▲ 0.31%
NYSE (US) (January 24) ▼ 0.02%
Nasdaq (US) (January 24) ▼ 0.27%
S&P 500 (US) (January 24) ▼ 0.07%

Fact of the day

Launched in 2005, the popular video platform YouTube was initially a dating app. 

Source: Guardian

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