Colgate-Palmolive share price slips even as FMCG firm reports profit in Q4

Colgate-Palmolive India (CPIL) share prices slipped over 1 per cent after the FMCG firm reported an increase of 32.39 per cent in its net profit to Rs 188.77 crore for the fourth quarter ended March 2018 led by strong volume growth. The company had posted a net profit of Rs 142.58 crore in the January-March quarter a-year ago, Colgate-Palmolive said in a BSE filing.

The stock settled at Rs 1,207.50 on BSE, down 1.30 per cent from their previous close.

CPIL's total income during the quarter under review stood at Rs 1,100.14 crore. It was Rs 1,186.03 crore in the corresponding quarter of the last fiscal.

CPIL Managing Director Issam Bachaalani said, " In the fourth quarter, we delivered strong volume growth of 4 per cent despite a competitive business environment."

The company's total expenses stood at Rs 824.62 crore.

For the entire 2017-18, CPIL's net profit stood at Rs 673.37 crore. It was Rs 577.43 crore in 2016-17.

Total income of CPIL stood at Rs 4,367.24 crore as against Rs 4,561.32 crore in 2016-17.

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"We maintained our strong leadership position in both the toothpaste and toothbrush categories in FY 2017-18, with volume market share for the year at 53.4 per cent and 44.8 per cent, respectively," he added.

Meanwhile, in a separate filing, CPIL informed that its board today has declared a special-fourth interim dividend of Rs 11 per equity share of Re 1 for the financial year 2017-18.

The total dividend declared for the year is Rs 24 per share, including the earlier dividends declared of Rs 13 per share, it said.