Colgate Palmolive's Q3 net profit declines by 23%
Issam Bachaalani, Managing Director at Colgate-Palmolive (India) said, “In the awake of the liquidity crunch during the quarter, we took proactive measures to support our business partners to ensure ease of business. We extended credit to our customers, provided additional incentives, accelerated processing of trade claims and advanced payments to our supply chain partners to address liquidity issues.”
A Bloomberg poll estimated net profit of Rs 140 crore for Colgate this Q3. Photo: Official Website