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Colgate Palmolive India saw its net profit down 7.2 per cent year-on-year to Rs 216.6 crore (excluding impact of exceptional item ) in the April-June quarter and its revenue up 2.5 per cent to Rs 1186.59 crore compared to last year.
The company's PBIDT stood at Rs 327.9 crore in the quarter ended June, down 9 per cent compared to last year.
The toothpaste major witnessed the impact of overall rural slowdown and inflationary pressure during the quarter, however, the company remains cautiously optimistic that the trends will improve in the coming quarters, Mukul Deoras, chairman at Colgate Palmolive India said in the company’s earnings release.
