COLGATE-PALMOLIVE INDIA
June 1st, 2003
BY SWINEETHA DIAS WICKRAMANAYAKACOLGATE-PALMOLIVE (India) Ltd has reported record profits after tax of IND Rupees 887 million (US$19.1 million) for 2002-3, with aggressive cost cutting more than making up for economic torpor in the country, which has hit oral-care product sales. In fact, the company's profits have soared from IND Rupees 698 million (US$15.03 million) in the previous year. Analysts AC Nielsen says that Colgate-Palmolive has also built its brands, boosting its market share for toothpaste from 48 to 49.2 per cent between 2001-2 and 2002-3, and ...
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