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Colgate-Palmolive Q3 FY14 net sales up 16%

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Colgate-Palmolive Q3 FY14 net sales up 16%

Colgate-Palmolive India has reported net sales of Rs. 884 crore for the third quarter ended December 31, 2013, a 16 per cent increase over the same quarter of the previous fiscal. The company’s Q3 FY14 net profit stands at Rs 112.8 crore, with Earnings Per Share of Rs 8.30.

For the nine months ended December 31, 2013, Colgate-Palmolive India reported net sales of Rs 2,624.3 crore, a growth of 15 per cent over the same period of the previous fiscal. Net profit (including exceptional item) stands at Rs 407.6 crore, an increase of 9% over the same period of the previous year.

During the quarter, the company achieved a volume growth of 10 per cent over the same quarter of the previous year, led by a strong growth of 11 per cent in the toothpaste category, wherein the company further enhanced its leadership position by registering a 56 per cent volume market share for the period January 2013-December 2013, as compared to 54.5 per cent in the January 2012-December 201s period. The flagship brands, Colgate Dental Cream, Active Salt, Max Fresh and Colgate Total, along with the recently launched Visible White have contributed to this growth.

The company further strengthened its leadership position in the toothbrush category by registering a volume market share of 41.5 per cent for the January 2013-December 2013 period as against 39.8 per cent in the January 2012-December 2012 period.

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