FMCG firm Colgate Palmolive today posted a marginal decline in its net profit at Rs. 114.06 crore for the quarter ended March 31, 2011.

The company posted a net profit of Rs. 114.39 crore in the quarter ended March 31, 2010, Colgate-Palmolive said in a filing to the Bombay Stock Exchange.

Besides, the company also declared a third interim dividend of Rs. 95.2 crore( Rs 7 per share) for the financial year 2010-2011.

“Including the third interim dividend, the company has paid a total dividend of Rs. 22 per share for the financial year ended March 31,2011 as against Rs. 20 per share in the previous year,” it said.

During the quarter under review, the firm’s net sales stood at Rs. 581.77 crore, an increase by 12.61 per cent from Rs. 516.60 crore posted in the year-ago period.

For the year-ended March 31, 2011, the firm’s net profit declined by 4.8 per cent to Rs. 402.58 crore. In the previous fiscal, the company posted a net profit of Rs. 423.26 crore.

Colgate Palmolive had net sales of Rs. 2220.56 crore, a 13.15 per cent increase last fiscal from Rs. 1962.46 crore recorded during the previous financial year.

During the period, the company said it has achieved a volume growth of 12 per cent, led by toothpaste category which grew by 13 per cent.

“In the toothbrush category, the company recorded a volume growth of 18 per cent at a market share of 40.3 per cent,” Colgate-Palmolive said.

Shares of Colgate-Palmolive closed at Rs. 896.20 on the BSE, a 0.13 per cent decline from the previous close.