Q1: New Delhi: FMCG major Colgate-Palmolive India Ltd (CPIL) on Thursday reported a 10.76% decline in net profit at ₹169.11 crore for the quarter ended 30 June 2019, owing to lower growth in rural markets. The company had posted net profit of ₹189.51 crore in the April-June quarter last fiscal. Its total income during the quarter under review stood at ₹1,100.03 crore, up 4.71% from ₹1,050.46 crore reported in the corresponding quarter a year ago, CPIL said in a BSE filing. "The current quarter saw a moderation in demand impacted by lower than expected growth in the rural markets. In a separate filing, Colgate-Palmolive said its board of directors has appointed Ram Raghavan as Managing Director of the company with effect from 1 August 2019.

Source: Mint July 18, 2019 08:26 UTC