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Colgate-Palmolive India sees Q3 profit fall despite revenue rise, facing urban demand challenges.
Colgate-Palmolive (India) reported a 2.2% drop in Q3 profit to Rs 322.78 crore, despite a 4.7% rise in revenue to Rs 1,461.84 crore.
For the nine months, net sales grew 9.2% to Rs 4,547 crore, with a 14.6% increase in net profit to Rs 1,081.8 crore.
The company faces reduced urban demand and higher expenses, affecting margins, but remains focused on growth through innovations and market strategies.
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Colgate-Palmolive India ve la caída de beneficios Q3 a pesar del aumento de ingresos, enfrentando desafíos de demanda urbana.