At 1:05 pm, Colgate-Palmolive shares had been buying and selling larger by 2.43 per cent on BSE
Colgate-Palmolive shares surged greater than 2 per cent on the BSE after the corporate reported a soar in internet revenue within the March 2021 quarter. The firm reported a 54.1 per cent development in internet revenue at Rs 314.6 crore within the quarter ended March 2021 from Rs 204.1 crore in the identical quarter of the earlier 12 months. At 1:05 pm, the shares of Colgate-Palmolive had been buying and selling at Rs 1,606, larger by 2.43 per cent, on the BSE.
The firm’s internet gross sales grew 20.2 per cent to Rs 1,275.0 crore through the quarter ended March 31, 2021.
Ram Raghavan, Managing Director at Colgate-Palmolive stated, “We continue to have strong momentum across all categories. Our focused approach to executing our strategic initiatives has been instrumental in our continued abilities to sustain our growth momentum vs year ago as well as on a sequential basis.”
Meanwhile, Colgate-Palmolive reported internet revenue of Rs 1,035.4 crore for the 12 months ended March 2021, a rise of 26.8 per cent over the earlier 12 months.
The BSE Sensex was buying and selling at 49,367.55, larger by 631.29 factors or 1.26 per cent and the NSE Nifty was at 14,848.85, up 164 factors or 1.1 per cent on the time.
