FMCG firm Colgate-Palmolive (India) today reported a 17.66 per cent decline in net profit for the quarter ended June 30 to Rs 100.44 crore, mainly on account of rising raw material costs.
The company had posted a net profit of Rs 121.98 crore for the corresponding period last year, Colgate-Palmolive (India) said in a filing to the Bombay Stock Exchange (BSE).
Total revenue during the first quarter, however, increased by 14.49 per cent to Rs 629.37 crore from Rs 549.72 crore in the year-ago period, it added.
During the first quarter of FY’12, the company paid a first interim dividend of Rs 8 per share, resulting in an outgo of Rs 108.8 crore, the filing said.
The company’s raw and packing material costs went up by 34.76 per cent to Rs 207.78 crore in the April-June period from Rs 154.19 crore in the same period last year.
Expenditure on advertising and sales promotion also rose by 42.35 per cent to Rs 98.79 crore in the April-June quarter from Rs 69.40 crore in the same quarter of 2010-11, the firm said.