Colgate-Palmolive's Indian unit reports Q1 profit rise on demand recovery

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Key Points

BENGALURU, July 26 (Reuters) - Toothpaste maker Colgate-Palmolive (India)'s (COLG.NS) quarterly profit rose 30.5% on Wednesday, aided by improved domestic demand...

Net profit roseto 2.74 billion rupees ($33.40 million) for the quarter ended June 30 compared to 2.10 billion rupees a year earlier...

In April, the company's U.S.-based parent Colgate-Palmolive Co (CL.N) raised its full-year organic sales forecast, betting on consistent price hikes and demand for its pet nutrition products...

Earlier this month, local rival Dabur India (DABU.NS) said it expects June-quarter sales to grow over 10% and gross margin to expand due to easing inflation...

Dabur will report its quarterly earnings on Aug. 3 while bigger rival Hindustan Unilever (HLL.NS) missed profit estimates last week due to higher expenses...

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