New Delhi | FMCG major Colgate Palmolive India today reported a 21.10 per cent rise in its net profit to Rs 156.93 crore for the second quarter ended September 30. The company had posted a net profit of Rs 129.58 crore for the corresponding period of the previous fiscal, Colgate Palmolive India said in a regulatory filing. Net sales of the company also rose to Rs 1,031.78 crore for the quarter as against Rs 993.57 crore for the same period year ago.
In another filing, the company said its board has declared a first interim dividend of Rs 4 per equity share of Re 1 on the expanded capital base post the bonus issue for the financial year 2015 -2016. Earlier, the company’s board of directors in a meeting held on July 30 had considered and recommended a bonus issue of one equity share for every equity share held.
Post this on September 28, the board has alloted the bonus equity shares to all shareholders who were holding shares as on September 24, it added. Shares of Colgate Palmolive India were trading at Rs 959.50 in the afternoon trade on BSE, down 1.89 per cent from previous close.