Colgate-Palmolive, a leading consumer conglomerate, reported a rise of 32% in its profit year-on-year, mostly driven by strong sales in oral care segment.

The company posted a net profit of Rs 188.7 crore in the fourth quarter, beating CNBC-TV18's estimates of Rs 176 crore.

The net sales of Colgate-Palmolive was at Rs 1,085.1 crore for the fourth quarter, an increase of 5.1%, year-on-year.

Colgate-Palmolive also reported a volume growth at 4% in the quarter.

The volume market shares for the toothpaste category was at 53.4%, a decrease of 0.5% from the previous quarter.

In an investor's call, the company expects the mid-term toothpaste volume growth to be around 6%.

The company has also announced an interim dividend pay of Rs 11 per share in the financial year 2017-18.

First Published:May 21, 2018 3:27 PM IST