Colgate-Palmolive India FQ1 Profit Up 17%

Colgate-Palmolive India Ltd, the unit of Colgate-Palmolive Co CL, reported a 17% gain in its FQ1 net profit. Colgate-Palmolive India's quarterly net profit surged to 1.17 billion rupees ($21 million), versus 1.00 billion rupees, in the year-ago period. Its sales climbed around 21% to 7.36 billion rupees versus 6.11 billion rupees, while sales volume gained 11%. Colgate-Palmolive shares closed at $103.90 on Friday.