Its revenue from operations was up 2.48 per cent at Rs 1,186.59 crore during the quarter under review. In the year-ago period, the same stood at Rs 1,157.86 crore
The development comes a day after Colgate-Palmolive held talks with the representatives of the distribution association to discuss and resolve their concerns.
Besides, the board has approved the appointment of Vikram Singh Mehta as the "Lead Independent Director" with effect from April 28.
The distributors’ gripe with FMCG giants is that they are tilting the scales in the favour of the new-age B2B companies by offering them higher margins.
The development comes as the company’s existing CEO and MD Ram Raghavan will be taking over as the president of the parent company.