Shares of Colgate-Palmolive India Ltd gains 3  percent on  NSE after the company reported impressive finical results on Monday. The stock is currently quoting at Rs1,601.40 per unit as compared to the previous close of Rs. 1566.95  In comparison, the NSE Nifty stood at 14918 up by 241 points, while the Sensex climbed at 49563 up 831 points at around 3 pm.

The development comes after the company on Monday reported 54 percent growth in its net profit at Rs 315 crore for the quarter ended March as compared to Rs 204 crore in the same quarter of the previous fiscal. The company's net sales grew 20 percent to Rs 1,275 crore in Q4 FY21 from Rs 1,062 crore in Q4 FY20.

For fiscal 2020-21, Colgate-Palmolive reported net profit of Rs 1,035 crore marking an increase of 26.8 percent over the previous year. Net sales were at Rs 4,811 crore, up 7.2 percent. The board of director declared a dividend of Rs 38 per share paid for FY 20-21.

Colgate-Palmolive India Ltd makes oral care products like toothpaste, toothpowder, mouthwash, toothbrushes and dental gel besides personal care products with a range of shower gels and liquid hand washes.

WPI inflation will touch double-digits at 10.49pc in April, Crude oil prices soar

Banking: NEFT service will not be available for 14 hours on May 23: RBI

Stock Markets trade higher: Top stocks to watch today