New Delhi: Riding on higher sales, FMCG major Colgate-Palmolive India reported a 54.1 per cent jump in its net profit at Rs 314.6 crore for the quarter ended 31 March. The company had posted a net profit of ₹204.15 crore in the January-March quarter a year ago.

It’s net sales went up by 20.2 per cent to ₹1,275.01 crores during the quarter under review, as against ₹1,062.35 crore in the year-ago period, the FMCG major said in a regulatory filing.

Colgate-Palmolive (India), managing director Ram Raghavan said the company continues to witness strong momentum across all categories.

"Our focused approach to executing our strategic initiatives has been instrumental in our continued abilities to sustain our growth momentum versus year ago as well as on a sequential basis. Our strong discipline on driving efficiencies continue to hold us in good stead as we make strong progress across key financial metrics on the P&L,” said Raghavan, adding that the company continues to amplify its innovation focus.

The oral hygiene product maker’s recent launches include Colgate Toothpaste for Diabetics, Colgate Vedshakti Spray and Oil Pulling. Other initiatives across its portfolio include the launch of Colgate Magik, the first augmented reality toothbrush that makes brushing fun.