"Reported net profit after tax at Rs 127.8 crore includes net tax reversal of Rs 16.5 crore. Excluding the impact of these reversals, net profit after tax for Q3/2016-17 is a decrease of 14.2 per cent," the company said.CPIL's total expenses fell 7.02 per cent to Rs 811.33 crore during the quarter as against Rs 872.63 crore in the year-ago period. Issam Bachaalani , Managing Director, Colgate-Palmolive India said: "In the wake of liquidity crunch, we took proactive measures to support our business partners to ensure ease of business. We extended credit to our customers, provided additional incentives... we see gradual pick up in the market as the liquidity situation improves. "Shares of Colgate-Palmolive India today settled at Rs 880.50 on BSE, down 1.96 per cent from previous close.

Source: Economic Times January 27, 2017 15:48 UTC