Colgate-Palmolive (India) Ltd.'s profit fell 2.2% in the third quarter of the current financial year, meeting analysts' estimates.
The net profit of the eponymous toothpaste maker decreased to Rs 323 crore in the October-December quarter, according to an exchange filing on Tuesday. That compares with the Rs 335-crore consensus estimate of analysts tracked by Bloomberg.
Colgate-Palmolive Q3 Highlights (Consolidated, YoY)
Revenue up 4.7% to Rs 1,462 crore versus Rs 1,396 crore (Bloomberg Estimate: Rs 1,492 crore).
Ebitda down 3% at Rs 454 crore versus Rs 468 crore (Estimate: Rs 470 crore).
Margin contracted 250 basis points to 31.1% versus 33.6% (Estimate: 31.50%).
Net profit down 2.2% to Rs 323 crore versus Rs 330 crore (Estimate: Rs 335 crore).
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