Colgate-Palmolive Q2 net dips 24 per cent to Rs 109 cr

FMCG major Colgate-Palmolive India has posted a 24.51 per cent decline in net profit at Rs 109.52 crore for the second quarter ended September 30, 2013.

The company had posted a net profit of Rs 145.08 crore for the same period of previous fiscal, Colgate-Palmolive India said in a filing to the Bombay Stock Exchange.

Net sales of the company, however, rose to Rs 895.69 crore for the second quarter, as compared to Rs 773.77 crore during the same period of previous financial year.

Colgate-Palmolive is present in the segments of oral care, personal care, home care and professional oral care.

"During the quarter, the company achieved a volume growth of 10 per cent over the same quarter of previous year led by a strong growth of 9 per cent in toothpaste category wherein the company further enhanced its leadership position," the company said.

The company's board, which met on Friday, also approved an interim dividend of Rs 9 on per equity share of Re 1 for the financial year ending March 31, 2014. The dividend will be paid on November 20, 2013, it added.

"The said interim dividend will be paid on the paid-up equity share capital of Rs 13.60 crore involving a total payout of Rs 143.20 crore," the company said.

Shares of the company closed at Rs 1,278.75 on BSE, up 0.02 per cent from their previous close.