Key Points
BENGALURU, Oct 26 (Reuters) - Colgate-Palmolive (India) (COLG.NS) reported a 22% rise in the second-quarter profit on Thursday, aided by rising urban demand for high-priced toothpastes and signs of growth in rural consumption...
The company's net profit rose to 3.40 billion rupees ($40.86 million) for the quarter ended Sept. 30 compared with 2.78 billion rupees a year earlier...
Sales rose 6.1% to 14.62 billion rupees, helped by its mainstay oral care category...
"In this quarter we have doubled down on the (flagship) Colgate Strong Teeth (toothpaste) relaunch, expanding reach and availability," Colgate-Palmolive (India) CEO Prabha Narasimhan said in a statement...
Last week, rival Hindustan Unilever (HLL.NS) reported a bigger-than-expected increase in profit as it benefited from increased sales from its beauty, home, and personal care segments...
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