Colgate-Palmolive (India) on Thursday reported a nearly 17% fall in its September quarter net profit at Rs 328 crore versus Rs 395 crore in the year-ago period. The company’s revenue from operations in the quarter stood at Rs 1,507 crore, down 6.3% from Rs 1,609 crore a year ago.

The company said it was a tough quarter on a high growth base, impacted by GST-led disruptions. Both Q2 topline and bottomline were below Bloomberg consensus estimates of Rs 1,565 crore and Rs 347 crore for the period.

Colgate also added that excluding the one-time impact of interest on tax refund in the base year, profit declined by 7.2% in the quarter. Also, Colgate’s entire oral portfolio moved from 18% to 5% hurting value growth, sector experts said. Most FMCG companies are reporting tepid growth in Q2 on a

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