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Colgate-Palmolive India's quarterly profit rises on growing demand for oral care
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Yahoo News Singapore - Latest News & Headlines
July 29 (Reuters) - Colgate-Palmolive India reported a rise in quarterly profit on Wednesday, helped by healthy demand in its core oral care product portfolio as well as premium offerings.
Here are some more details:• The Indian unit of U.S.-based Colgate Palmolive reported a net profit rise of 6.9% to 3.43 billion rupees ($35.84 million) for the quarter ended June 30.
• Analysts had expected a profit of 3.44 billion rupees, according to LSEG-compiled data.
• Quarterly sales rose 12% to 15.91 billion, above average estimate of 15.64 billion.
• Fast-moving consumer goods companies continue to grapple with commodity inflation, prompting price increases across product portfolios.