Colgate Palm. Q1 net profit down 10.10% at Rs 209.67 cr
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The company reported standalone net profit of Rs 209.67 crore for the quarter ended June 30, 2022 as compared to Rs 233.23 crore in the same period last year, registering a year-on-year decline of 10.10 per cent. Net revenue of the company rose marginally by 1.77 per cent at Rs 1,186.59 crore in April-June quarter of this fiscal as against Rs 1,165.97 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 7.45 per cent to Rs 871.14 crore from Rs 810.75 crore in year ago period.
Other Income grew by 121.50 per cent at Rs 11.54 crore versus (Jun'21 Rs 5.21 crore). Operating Profit slipped by 8.32 per cent to Rs 325.67 crore as against Rs 355.22 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 9.91 per cent in June quarter. Interest declined by 15.58 per cent y-o-y to Rs 1.30 crore, while Taxation decreased by 10.15 per cent at Rs 72.74 crore (Jun'21 Rs 80.96 crore).
