This news follows Colgate-Palmolive's recent financial report for Q2FY24, which showed robust growth. The company reported a year-on-year net profit of Rs 340.05 crore, an increase of 22.31%, and revenue of Rs 1,462.38 crore, up by 6.09%. Additionally, EBITDA rose from Rs 408 crore in Q2FY23 to Rs 482.2 crore, marking a margin of 32.8%. Despite the order from the Income Tax Department, Colgate-Palmolive's stock experienced only a minor fall of 0.92% on Monday. The company maintains that there will be no financial or operational disruptions due to this order. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.