Mumbai, Jan. 30 -- The company said profitability was impacted by regulatory changes, including the introduction of the new labour code and an inverted duty structure-related charge following GST revisions.
Profit before exceptional items and tax stood at Rs 444.09 crore in Q3 FY26 compared with Rs 432.52 crore a year ago. During the quarter, Colgate recognized a one-time employee benefit expense of Rs 8.39 crore as an exceptional item following amendments under the new labour code notified by the Government of India.
Prabha Narasimhan, managing director & CEO of Colgate-Palmolive (India), said, "In the third quarter, our business saw a return to growth, driven by early positive signs in our core portfolio and sustained strong performan...
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