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FMCG major Colgate Palmolive India today posted a 24.51 per cent decline in net profit at Rs 109.52 crore for the second quarter ended September 30, 2013.
The company had posted a net profit of Rs 145.08 crore for the same period of previous fiscal, Colgate Palmolive India said in a filing to the BSE.
Net sales of the company, however, rose to Rs 895.69 crore for the second quarter, as compared to Rs 773.77 crore during the corresponding period of previous year.
“During the quarter, the company achieved a volume growth of 10 per cent over the same quarter of previous year led by a strong growth of 9 per cent in toothpaste category wherein the company further enhanced its leadership position,” the company said.
The company’s board also approved an interim dividend of Rs 9 on per equity share of Re 1 for the financial year ending March 31, 2014.
“The said interim dividend will be paid on the paid—up equity share capital of Rs 13.60 crore involving a total payout of Rs 143.20 crore,” the company said.
Shares of the company today closed at Rs 1,278.75 on the BSE, up 0.02 per cent from their previous close.
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