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Colgate-Palmolive (India) has reported a four per cent increase in net profit at ₹139.9 crore for the first quarter.
This excludes an exceptional item in the previous year, relating to the slump sale of Global Shared Services Organisation to Colgate Global Business Services Pvt Ltd, a 100 per cent subsidiary of Colgate-Palmolive Company, USA.
Net sales increased by 13 per cent at ₹950.6 crore, and EPS stood at ₹9.92.
The company posted a volume growth of 5 per cent for the quarter. It reinforced its leadership position in the toothpaste category by registering a volume market share of 57.0 per cent for the period January 2014-June 2014, an increase of 110 basis points over the same period of the previous year. 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 42.6 per cent for January 2014-June 2014, an increase of 140 basis points over the same period of the previous year.
The company’s focus on driving efficiencies and reducing costs and innovating to drive premiumisation along with the price increases has led to significant gross margin expansion by 130 basis points, according to a release issued by the company.
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