Consumer goods companies have been bumping up product prices to offset spiraling raw material and labor costs as well as the impact of a stronger dollar, although investors have raised concerns that higher prices might dent demand.

However, the company's price increases have not seen much of a push back from budget-conscious customers, who have otherwise reduced discretionary spending and curbed some grocery purchases as well.

The Trojan condom maker's overall average selling prices increased 2.1%, while its volumes increased 2.7% during the quarter.

Last week, toothpaste maker Colgate-Palmolive raised its annual sales and profit forecasts again, while Kleenex tissue maker Kimberly-Clark has also hiked its full-year profit expectations for a third time.

Church & Dwight said it expects full-year net sales to grow by 9% compared with its previous forecast of an 8% increase, but stuck to its forecast of a 6% growth in full-year adjusted profit.

"We are maintaining our full-year EPS outlook, with higher revenue and gross profits being offset by higher marketing and selling, general, and administrative (SG&A) dollars," CEO Matthew Farrell said in a statement.

For the reported quarter, Church & Dwight's marketing expenses rose by 19%, with the company projecting a "significant increase" in marketing spending in the current-quarter amid strong momentum. Its SG&A expenses jumped over 43%.

Its third-quarter revenue rose 10.5% to $1.46 billion, compared with the average analyst estimate of $1.43 billion, according to LSEG data.

The company's adjusted profit came in at 74 cents per share, beating the estimate of 69 cents.

(Reporting by Granth Vanaik in Bengaluru; Editing by Saumyadeb Chakrabarty)