Colgate Palmolive share price rose over a percent in early trade on Friday after the company reported its financial results for the second quarter of financial year 2023-2024. Colgate share price gained as much as 1.29% to ₹2,058.85 apiece on the BSE.
Colgate Palmolive (India) reported a consolidated net profit of ₹340.05 crore for the second quarter of FY24, registering a growth of 22.31% from ₹278.02 crore in the year-ago period.
The company’s revenue from operations in Q2FY24 rose 6.09% to ₹1,462.38 crore from ₹1,378.37 crore, YoY. The company’s volume growth for the quarter remained muted, which was below most analysts’ estimates.
At the operational level, earnings before interest, tax, depreciation and amortization (EBITDA) during the quarter increas…