Colgate-Palmolive India Q2 results: Net profit rises 16% to ₹395 crore; sales up 10% to ₹1,609 crore

The oral hygiene product maker had posted a net profit of ₹340.05 crore in the July-September quarter a year ago, according to a regulatory filing by Colgate-Palmolive India Ltd (CPIL).

Its sales were up 10.04% to ₹1,609.21 crore during the quarter under review. It was at ₹1,462.38 crore in the corresponding period a year ago.

Total expenses of CPIL in the latest September quarter were up 13.6% year on year to ₹1,695.09 crore.

The company's total income, including other income, was ₹1,164.64 crore, up 12.60% annually.

The profit growth of 16% in Q2 FY25 also "includes one-off credit related to interest on income tax refunds received during the quarter", said CPIL in its earnings statement.

"Advertising spend increased by 17.8% in the current (July-September) quarter as compared to the same period last year with increased support behind both brand and category development actions. At the same time, the company increased the investment behind delivering perceivably superior products to consumers," it added.

MD & CEO Prabha Narasimhan said CPIL had a consistent topline performance in a tough operating environment.

"This has been led by broad-based growth across portfolios. Toothpaste achieved high-single-digit volume growth on the back of our core brands - Colgate Maxfresh and Colgate Strong Teeth," she said.

Toothbrush continued to grow at double digits with rapid premiumisation.

"We expect continued difficult market conditions but remain committed to leveraging our very strong P&L which allows us to continue to invest behind superior products and advertising while we maintain our focus on ensuring better oral health for everyone in India," Narasimhan added.

Shares of Colgate-Palmolive India Ltd on Thursday were trading at ₹3,211.20 on BSE, down 3.69%.