Colgate-Palmolive India's net profit for the second quarter increased by 16.2% year-on-year to Rs 395.05 crore, compared to Rs 340.05 crore in the same period last fiscal year.
Sales also saw a growth of 10.04% to Rs 1,609.21 crore, up from Rs 1,462.38 crore a year earlier, indicating overall growth across its product portfolios.
However, the company's EBITDA growth was limited to 3%, falling short of market expectations due to a decline in margins. Management attributed this moderation in growth prospects to a challenging demand environment and increased promotional activities impacting margins.
As a result, Colgate-Palmolive shares declined by 5% following the earnings report.