The Hindu Business Line : Colgate net rises 69% at Rs 61 cr

Colgate-Palmolive ( India ) Ltd has recorded a 69 per cent increase in net profit at Rs 60.9 crore for the quarter ended June 30 compared to Rs 36.6 crore the previous year. The FMCG company reported a 13 per cent increase in net sales at Rs. 350.7 crore (Rs 309.5 crore).

During the quarter, the company achieved a nine per cent volume increase over the previous year same quarter, led by a 10 per cent growth in its core toothpaste category.

According to the company, its most recent launches in the toothpaste category including “Colgate Active Salt” and “Colgate Max Fresh” have received encouraging consumer response and have achieved a 5 per cent market share. In addition to growth from the new variants, the flagship brand “Colgate Dental Cream” and the economy offering “Colgate Cibaca” have registered consistent volume growth resulting in the Company’s market share increasing by 0.9 per cent to 49.2 per cent during Jan-May 2007.

Toothbrush

In the toothbrush category, the company re-launched “Colgate Motion” with the advanced technology of two round heads that oscillate in opposite directions.

Colgate Motion not only provides complete convenience and control but also effectively cleans all areas of the mouth and removes plaque. Led by the re-launches of “Colgate Motion” and “Colgate Super Flexible” and the launch of “Colgate 360º”, the toothbrush category has continued its growth momentum with a volume increase of 6 per cent. During the period Jan-May 2007, the company’s market share has increased by 0.9 per cent over the same period last year to 35.4 per cent.