Hotline: 1800 102 2007
Hotline: 1800 102 2007
May, 16 2017

​Colgate Palmolive reports a marginal decline in net profit in Q4

Issam Bachaalani, MD, Colgate Palmolive (India), said, "In the fourth quarter, we saw encouraging signs of recovery from the impact of the liquidity crunch in the prior quarter".

​Colgate Palmolive reports a marginal decline in net profit in Q4

FMCG major Colgate Palmolive India has reported a marginal decline in net profit at Rs 142.58 crore for the fourth quarter ended March 31, 2017. The company had posted a net profit of Rs 143.27 crore during the same period last year, Colgate-Palmolive said in a BSE filing.

Net sales of the company rose 2.57 per cent to Rs 1,171.77 crore during the quarter under review as against Rs 1,142.36 crore in the January-March quarter of last fiscal.

Issam Bachaalani, MD, Colgate Palmolive (India), said, "In the fourth quarter, we saw encouraging signs of recovery from the impact of the liquidity crunch in the prior quarter".

For the entire fiscal, the company reported a net profit of Rs 577.43 crore as compared to Rs 581.17 crore in the 2015 -16 fiscal.

Net sales during the year stood at Rs 4,489.85 crore as against Rs 4,318.98 crore in the last fiscal.

Bachaalani said, "We expect challenges while transitioning into the GST environment, including an impact on trade pipeline inventory. Colgate is taking all necessary steps to minimise business disruptions during the transition".

Shares of the company were trading 1.87 per cent down at Rs 996 on BSE.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Travel Agents
    About Us: India Assist works on a centralised mechanism to offer..
    Locations looking for expansion Delhi
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size
    Space required 50
    Franchise Outlets -NA-
    Franchise Type MultiUnit
    Headquater New Delhi Delhi
  • Others Food Service
    ABOUT Us: Chicken Adda is best described as indescribable . Sometimes..
    Locations looking for expansion Madhya Pradesh
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya Pradesh
  • About Us: Toniq focuses on affordable fashion accessories, jewellery and handbags...
    Locations looking for expansion Maharashtra
    Establishment year 2010
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Others Food Service
    About Us : An widely accepted Food & Café concept based..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities