Colgate-Palmolive (India) Ltd ’s September quarter performance was largely in line with Street estimates, as the oral care maker navigated through GST-related disruptions and a high base from last year.

The company reported a 17.1% year-on-year decline in net profit to ₹327.5 crore, down from ₹395.1 crore, nearly in line with the CNBC-TV18 poll estimate of ₹328 crore. Excluding the one-time impact of interest on a tax refund in the base year, profit fell by 7.2%.

Revenue for the quarter came in at ₹1,519.5 crore, down 6.2% from ₹1,619 crore a year ago and slightly below the estimated ₹1,538 crore.

EBITDA stood at ₹464.5 crore, a 6.6% decline from ₹497.4 crore in the same quarter last year, while operating margins were steady at 30.6%.

Sequentially, however, net sales rose 6.1% from th

See Full Page