homeretail NewsColgate Q4 results beat estimates, reports 32% rise in profit

Colgate Q4 results beat estimates, reports 32% rise in profit

Colgate Q4 results beat estimates, reports 32% rise in profit
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By Suman Singh  May 22, 2018 7:11:02 AM IST (Updated)

Colgate-Palmolive, a leading consumer conglomerate, reported a rise of 32% in its profit year-on-year, mostly driven by strong sales in oral care segment.

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The company posted a net profit of Rs 188.7 crore in the fourth quarter, beating CNBC-TV18's estimates of Rs 176 crore.
The net sales of Colgate-Palmolive was at Rs 1,085.1 crore for the fourth quarter, an increase of 5.1%, year-on-year.
Colgate-Palmolive also reported a volume growth at 4% in the quarter.
The volume market shares for the toothpaste category was at 53.4%, a decrease of 0.5% from the previous quarter.
In an investor's call, the company expects the mid-term toothpaste volume growth to be around 6%.
The company has also announced an interim dividend pay of Rs 11 per share in the financial year 2017-18.
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