Q1 2022-23: Colgate-Palmolive (India) Limited today reported Net Sales growth of 2.5% overthe same quarter of previous year aggregating to Rs. 1,186.6 crore forthe quarter ended June 30, 2022. Reported Net profit aftertax (excluding impact of exceptional item) forthe quarter was Rs. 216.6 crore as against the Net Profit of Rs. 233.3 crore forthe same quarter of the previous year.
Mr. Mukul Deoras, Chairman at Colgate-Palmolive (India) Limited, said, "The current quarter continued to witness challenging trends that we saw in the previous quarter. While we remain cautiously optimistic that the trends will improve in the coming quarters, the current quarter was impacted by overall rural slowdown and inflationary pressures. Our overall pricing strategy and strong funding the growth programs delivered consistent margins while we continue to maintain our strong investment in innovation and brand building activities.
Ourrecent launch of Visible White O2 with patented innovative technology has been very well appreciated by the consumers. Also our new category launches such as Palmolive Face care range and extensions in the oral care segment with Advanced Electric Toothbrushes and Water Flossers have recorded encouraging response. Moreover, our relaunches of Colgate Strong Teeth and Colgate Vedshakti toothpaste have also been very well received, reinforcing our commitment to bring to market superior products that enhance consumer experiences.
As an organization we continue to live our values and remain unwavering in our focus to improve the health and well being of our consumers and deliverlong-term shareholder value."
ABOUT COLGATE-PALMOLIVE (INDIA) LIMITED:
Colgate-Palmolive (India) Limited is the market leaderin Oral Care in the country, that seeks to deliver sustainable, profitable growth and maximize shareholderreturns and to provide its people with an innovative and inclusive work environment. The organization has adopted sustainability, diversity, equity, inclusion, and social responsibility strategies that help make people's lives healthier and more enjoyable. The company manufactures and markets toothpastes, toothpowder, toothbrushes, oil pulling products and mouthwashes underthe 'Colgate' brand, and a specialized range of personal care products underthe 'Palmolive' brand. It is a caring, innovative growth-oriented company, reimagining a healthier future for all people and our planet. Colgate has been ranked as India's #1 Most Trusted Oral Care Brand for eleven consecutive years, from 2011 to 2021, by The Economic Times - Brand Equity - Most Trusted Brands Survey and CNBC TV18. Colgate has also been ranked as the Most Trusted Oral Hygiene Brand by TRA's Brand Trust India Study Report for nine consecutive years, from 2011 to 2019. For more information about Colgate's business and products, visit: www.colgatepalmolive.co.in