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Shares of FMCG major Colgate–Palmolive India today rose by over 4 per cent after the company reported a 8.47 per cent rise in net profit for the first quarter ended June 30.
The stock gained 4.25 per cent to settle at Rs. 1,082.95 on BSE. During the day, it went up by 5.79 per cent to Rs. 1,099. On NSE, shares of the company rose by 4.23 per cent to end at Rs. 1,083.30. In terms of equity volume, 1.30 lakh shares of the company were traded on BSE and over 15 lakh shares changed hands on NSE during the day.
Colgate–Palmolive India today reported a 8.47 per cent rise in net profit to Rs. 136.38 crore for the first quarter ended June 30. The company had posted a net profit at Rs. 125.72 crore during the same period previous fiscal, the oral care products maker said in a BSE filing.
Net sales during the quarter under review, however, declined to Rs. 1,109.88 crore as against Rs. 1,141.54 crore in the April–June quarter last fiscal, down 2.77 per cent.
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