Colgate-Palmolive‘s India operations reported quarterly profit above market estimates benefiting from price increases it had implemented to counter the surge in raw material costs. The company is publicly traded on India’s stock exchanges
The price increases drove profit at Colgate-Palmolive to $33.51 million. Sales increased nearly 3% to 13.78 billion rupees ahead of Refinitiv I/B/E/S estimates, the standard for analyst detail, consensus and aggregates data, company guidance data, and advanced analytics. (Institutional Brokers’ Estimate System is a database now owned by Thomson Reuters. It is used by brokers and active investors to access the estimates made by stock analysts regarding the future earnings of publicly traded American companies.)
Colgate-Palmolive said it has lined up new launches after having introduced a charcoal-based toothpaste in the reported quarter.
