Colgate-Palmolive quarterly profit rises 32.4%
Source: IRIS | 22 May, 2018, 10.02AM
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Rating: NAN / 5 stars. |
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Issam Bachaalani, Managing Director at Colgate-Palmolive (India), said, ''In the fourth quarter, we delivered strong volume growth of 4% despite a competitive business environment. We remain focussed on driving growth in our key categories and improving gross margins through various funding-the-growth program initiatives to fund continued investments in our brands. We maintained our strong leadership position in both the toothpaste and toothbrush categories in FY 2017-18, with volume market shares for the year at 53.4% and 44.8%, respectively. We are pleased that we were able to drive shareholder value in the quarter while continuing to deliver innovation that meets the needs of our consumers.
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