FMCG major Colgate-Palmolive India Ltd (CPIL) Monday reported a 4.67 per cent increase in net profit at Rs 197.59 crore for the fourth quarter ended March 2019, led by volume growth. The company had posted a net profit of Rs 188.77 crore in January-March quarter a year ago, CPIL said in a BSE filing. Revenue from operations during the quarter stood at Rs 1,146.63 crore, up 5.67 per cent from Rs 1,085.06 crore reported in the corresponding period last year.

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Total expenses were at Rs 885.16 crore, up 7.36 per cent from Rs 824.45 crore in the year-ago period. The company's domestic volume grew by 5 per cent, while overall volume grew 3 per cent, CPIL said in a statement.

For the financial year 2018-19, CPIL's net profit stood at Rs 775.57 crore, up 15.17 per cent from Rs 673.37 crore in 2017-18. Revenue from operations for 2018-19 stood at Rs 4,432.44 crore, up 3.08 per cent from Rs 4,299.89 crore in 2017-18.

"With strong investments in our advertising and brand building activities, we have delivered a consistent domestic volume growth of 5 per cent despite high competitive intensity and moderation in consumer demand," CPIL Managing Director Issam Bachaalani said.

Meanwhile, in a separate filing, CPIL informed the BSE that its board has declared a special third interim dividend of Rs 8 per equity share of Re 1 (face value) for the financial year 2018-19. Shares of Colgate-Palmolive India Monday closed at Rs 1,180 on the BSE, up 1.57 per cent from its previous close.