Colgate-Palmolive Q3 Outcomes: Web revenue dips 4% YoY to Rs 243 crore

New Delhi, (India) on Tuesday mentioned its internet revenue declined by 4 per cent to Rs 243 crore within the third quarter ended December 31, 2022. The corporate had reported a internet revenue of Rs 252 crore within the October-December interval of the earlier fiscal.

Complete earnings, nevertheless, elevated to Rs 1,302 crore within the interval underneath overview as in contrast with Rs 1,286 crore within the year-ago interval, Colgate-Palmolive (India) mentioned in a regulatory submitting.

Web revenue for the 9 months ended December 31, 2022 declined to Rs 731 crore as in contrast with Rs 755 crore within the year-ago interval.

“The corporate is focussed on its key strategic pillars of constructing oral care behavior in India, driving innovation and renovation by way of science-led merchandise and premiumisation,” Colgate-Palmolive (India) Managing Director Prabha Narasimhan mentioned.

Though oral care consumption continued to be weighed down within the quarter by hostile macro components, the corporate is cautiously optimistic going ahead, she added.

“The main target stays to remain invested in our class and model constructing actions on key strategic pillars whereas delivering wholesome EBITDA margins,” Narasimhan mentioned.

Shares of the corporate have been buying and selling 1.66 per cent down at Rs 1,465.40 apiece on the BSE.