At 1:05 pm, Colgate-Palmolive shares were trading greater by 2.43 percent on BSEColgate-Palmolive shares surged more than 2 per cent on the BSE after the business reported a jump in net earnings in the March 2021 quarter.
The business reported a 54.1 per cent growth in net earnings at Rs 314.6 crore in the quarter ended March 2021 from Rs 204.1 crore in the same quarter of the previous year.
At 1:05 pm, the shares of Colgate-Palmolive were trading at Rs 1,606, higher by 2.43 percent, on the BSE.The business's net sales grew 20.2 percent to Rs 1,275.0 crore during the quarter ended March 31, 2021.
Ram Raghavan, Managing Director at Colgate-Palmolive said, We continue to have strong momentum across all classifications.
Our focused method to executing our strategic initiatives has actually contributed in our continued capabilities to sustain our development momentum vs year ago as well as on a sequential basis.
Meanwhile, Colgate-Palmolive reported net profit of Rs 1,035.4 crore for the year ended March 2021, a boost of 26.8 per cent over the previous year.The BSE Sensex was trading at 49,367.55, greater by 631.29 points or 1.26 per cent and the NSE Nifty was at 14,848.85, up 164 points or 1.1 percent at the time.