Colgate-Palmolive (India) fell 2.42% to Rs 1,405 at 13:51 IST on BSE as the company's Q1 June 2013 result was boosted by an exceptional non-recurring income.
The company announced result during trading hours today, 29 July 2013.
Meanwhile, the S&P BSE Sensex was down 129.98 points, or 0.66%, to 19,618.21.
On BSE, 26,000 shares were traded in the counter as against an average daily volume of 16,448 shares in the past one quarter.
The stock hit a high of Rs 1,457 and a low of Rs 1,383 so far during the day. The stock had hit a record high of Rs 1,580.40 on 1 January 2013. The stock had hit a 52-week low of Rs 1,118 on 30 July 2012.
The stock had outperformed the market over the past one month till 26 July 2013, rising 10.53% compared with the Sensex's 6.45% rise. The scrip had outperformed the market in past one quarter, gaining 3.23% as against Sensex's 2.39% rise.
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The large-cap company has an equity capital of Rs 13.60 crore. Face value per share is Re 1.
Colgate Palmolive (India)'s net profit jumped 57.74% to Rs 185.22 crore on 14.27% increase in total income to Rs 876.81 crore in Q1 June 2013 over Q1 June 2012.
The company recorded an exceptional item of Rs 55.50 crore (net of tax) with respect to the slump sale of Global Shares Services Organisation to Colgate Global Business Services, a wholly-owned subsidiary of Colgate-Palmolive Company, USA, after obtaining the requisite approvals from the board of directors and shareholders.
The company's profit from operations before other income, finance costs and exceptional items was almost flat with just 1.05% increase to Rs 153.54 crore in Q1 June 2013 over Q1 June 2012.
During the quarter, the company achieved a volume growth of 9% Q1 June 2013 over Q1 June 2012 led by a strong growth of 11% in its toothpaste category and further enhanced its leadership position by registering a 55.9% volume market share for January-June 2013 compared with 54.7% in January-June 2012.
The company further strengthened its leadership position in the toothbrush category by registering a volume market share of 41.4% in January-June 2013 as against 38.7% in January-June 2012.
Colgate-Palmolive (India) is India's leading provider of oral care products at various price points. The range includes toothpastes, toothpowder, toothbrushes and mouthwashes under the Colgate brand, as well as a specialized range of dental therapies under the banner of Colgate Oral Pharmaceuticals. The company also provides a range of personal care products under the 'Palmolive' brand name.
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