Colgate Palmolive

FMCG major Colgate-Palmolive India Ltd on Thursday reported an increase of 16.17 per cent in its net profit at Rs 395.05 crore in the quarter ended September 2024, led by a broad-based growth across portfolios. The oral hygiene product maker had posted a net profit of Rs 340.05 crore in the July-September quarter a year ago, according to a regulatory filing by Colgate-Palmolive India Ltd (CPIL). Its sales were up 10.04 per cent to Rs 1,609.21 crore during the quarter under review. It was at Rs 1,462.38 crore in the corresponding period a year ago. Total expenses of CPIL in the latest September quarter were up 13.6 per cent year on year to Rs 1,695.09 crore. The company's total income, including other income, was Rs 1,164.64 crore, up 12.60 per cent annually. The profit growth of 16 per cent in Q2 FY25 also "includes one-off credit related to interest on income tax refunds received during the quarter", said CPIL in its earnings statement "Advertising spend increased by 17.8 per ce

According to Nielsen, the consumer sector grew 4% Y-o-Y in Q1FY25, down from 6.6% in Q4FY24. Pricing saw a marginal increase of approximately 0.2 per cent, while volumes rose 3.8% Y-o-Y.

FMCG major Colgate-Palmolive India on Monday reported 33 per cent rise in net profit at Rs 363.98 crore for the first quarter ended June 2024, helped by a demand pickup and good performance of products. The oral hygiene product maker had posted a net profit of Rs 273.68 crore in April-June FY24, according to a regulatory filing from Colgate-Palmolive India Ltd (CPIL). Sales were up 13 per cent to Rs 1,485.76 crore during the quarter under review as against Rs 1,314.73 crore in the corresponding period a year ago. "The quarter witnessed continued demand pickup in rural markets outpacing growth in urban markets for the second quarter in a row. Led by this and good all-round performance of toothpaste, toothbrush and personal care, domestic revenues grew by 12.8 per cent year-on-year for the quarter,"said CPIL in its earning statement. Total expenses in June quarter was up 8.46 per cent to Rs 1,030.86 crore. Total income, which includes other income also, was at Rs 1,520.11 crore, up

Colgate-Palmolive (India) Ltd has received a tax demand notice of Rs 248.74 crore from the Income Tax Authority in a transfer pricing-related issue. The FMCG major said it will be challenging the order before the appellate tribunal. Colgate-Palmolive India Ltd (CPIL), which operates in oral care and personal care, received notice on July 26, 2024, according to a regulatory filing by the company. The income tax demand is for the financial year ended on March 31, 2021, for transfer pricing-related issues. "The Company has received a Final Assessment Order for Assessment Year (AY) 2020-21 carrying a demand amounting to Rs 248,74,78,511/-," it said. The said demand includes interest amounting to Rs 79.63 crore, CPIL added. "The company will be filing an appeal before the Income Tax Appellate Tribunal against the said order," said CPIL adding "There is no impact on financial operations or any other activities of the Company due to this order." The demand is mainly due to transfer ...

With improved macroeconomic indicators, enhanced government spending and a favorable monsoon forecast, the upcoming year holds promise for a gradual uptick in consumption sentiment, analysts believe.

Colgate Palmolive Q4 results: despite a sharp ramp up of ad spends (up 18 per cent Y-o-Y), Ebitda margins expanded by 226bp Y-o-Y/216bp Q-o-Q to stand at 35.7 per cent

At 6:55 AM, GIFT Nifty futures was trading 73 points higher at 22,382.50 levels compared to Nifty50 futures, indicating a positive start for the bourses

The stock has risen by around 36 per cent in the last six months

The Nifty FMCG index declined 1.7 per cent to 52,940 level in the intraday trade, dragged by Nestle India (down 3.3 per cent), Colgate Palmolive (3.25 per cent), Godrej Consumer Products (3 per cent)

Net profit rose to Rs 330 crore for the quarter ended Dec. 31 from Rs 243 crore rupees a year earlier

The cutoff date for calculating the changes to various Nifty indices is January 31. The index provider typically announces the outcome of the rebalancing exercise during the second half of February

Colgate Palmolive India is also looking at acquisitions in the personal care segment and is looking at not only direct-to-consumer companies but also legacy companies to acquire

The company's digital interventions and data-led decision making on product assortments, pricing and promotions also helped to boost sales

Colgate-Palmolive (India) Ltd is looking at opportunities to drive premiumisation in the health, therapeutic toothpaste and oral beauty segments for metro and urban cities, as per the latest annual report of the company. Colgate-Palmolive (India) Ltd (CPIL) also sees a "significant room" to deepen the penetration of oral care adjuncts like floss and mouthwash. "Outside of oral care, the company sees opportunity in skin care, hair care, bath & shower products that have the largest market size within the beauty & personal care segment," it said. Rising incomes, rising aspiration and the democratisation of availability through e-commerce have led to rapid growth in these categories, CPIL added. "There is also an opportunity for premium and innovative products in metros and urban cities in the space of family health, therapeutic toothpaste and oral beauty," it said. Besides, CPIL is committed to building a strong personal care portfolio leveraging the high recall of the brand ...

Patanjali is strengthening its distribution system by expanding it from the current one million outlets to about 1.5 million outlets

Removal of non-F&O stocks could lead to addition/subtraction of 11 stocks, triggering a Rs 5,000-crore churn

Colgate-Palmolive (India) Ltd's fourth-quarter profit fell less than expected, helped by price hikes implemented to combat surging costs

According to the new MD, the naturals market, which witnessed strong growth from 2016 to 2019, has started to plateau

Management optimistic about growth as stock valuation stays unchanged for India's largest oral care company

Sales increased nearly 3% to Rs 13.78 billion