Colgate Palmolive India's fourth quarter net profit rose 15%
year-on-year to Rs 131 crore, helped by strong volume growth led by toothpastes
and price hikes taken to offset input cost pressures.
The company's net sales in Jan-March were up 18% to Rs 686
crore.
"In an inflationary environment, the company's
continuing efforts and focussed programmes to enhance efficiencies and reduce
costs continue to yield strong, positive results, helping to maintain margin
and fund investments in building and strengthening brand equity and the
business. Prudent price increases and cost management has enabled the company
to maintain its gross margin at 60% for the quarter," it said on
Wednesday.
For the full year, Colgate Palmolive's net profit was up 11%
to Rs 446 crore, while net sales were up 18% to Rs 2,624 crore.
Overall volumes grew 12% in 2011-12, with toothpastes
growing at 14%. Its volume market share in toothpastes rose to 54% from 52.2%
in Jan-April 2012, Colgate said. Volume market share in mouthwash category also
rose to 26.2% from 25.7%, it said.
Colgate Palmolive shares were down 1.8% at Rs 1,197.90 on
NSE in afternoon trade.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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