Colgate-Palmolive’s Q1 net profit down 11pc; stock Up

The FMCG major Colgate-Palmolive India Ltd reported its Q1 earning results, during market hours Thursday. Accorodingly, the Compony’s its net profit in the First quarter April-June period slowed to 10.76% to Rs.169.11-Cr from Rs.189.51-Cr during the corresponding quarter year ago. However, its sales in the June quarter scaled up 4% on a year-on-year to Rs.1075.99-Cr from Rs.1033.55-Cr.

Shares of Colgate-Palmolive rose at an intraday high level at Rs1221.70 per share, up by 4.55% on the NSE after it reported the results.

The stock opened at Rs1168 and has touched a high and low of Rs1,222 and Rs1153.15, respectively

At 3.20pm, the stock was trading at Rs1206.50 up by 3.37%, outperforming the Nifty Whcih was down 87% lower at 11605 and the Sensex down 286 points at 38928.