New Delhi, Oct 23 (PTI) FMCG major and oral care products maker Colgate-Palmolive India Ltd on Thursday reported a 17 per cent decline in profit at Rs 327.51 crore in the September quarter on account of tough quarter on a high growth base, impacted by GST-led disruptions.
It had posted a net profit of Rs 395.05 crore in the year-ago period, according to a regulatory filing from the oral hygiene product maker Colgate-Palmolive India Ltd (CPIL).
Its sales were down 6.33 per cent to Rs 1,507.24 crore during the quarter from Rs 1,609.21 crore a year ago.
“While we continued to navigate through a difficult operating environment, our second quarter performance also reflects the transitory disruption at distributors and retailers across channels caused by GST rate revision," said its Managing