Colgate India appoints new MD
Raghavan will replace Issam Bachaalani as India head with effect from August 1.
Raghavan has spent over 22 years across several of Colgate's markets, mostly in marketing functions. Colgate did not specify Bachaalani's next move, in its filing to the Bombay Stock Exchange.
The maker of the eponymous toothpaste said it posted a 4% rise in new sales during April-June quarter at Rs1075.9 crore with net profit excluding exceptional items increasing 5% to Rs169.1 crore.
"The current quarter saw a moderation in demand impacted by lower than expected growth in the rural markets. We do consider this trend to be temporary and expect a pickup over the coming quarters," said Bachaalani.