Plastic promotional toys and confectionery manufacturer Candytoy Corporate has secured an investment of Rs 110 crore in a funding round. This Series A round of funding was led by a large pool of domestic investors, high networth individuals (HNIs), angel investors and institutional investors, according to a statement issued by the Indore-based candy toy maker. This new round of funding will enable Candytoy Corporate (CTC) to expand its manufacturing capabilities and invest in nurturing top talent nationwide to support its fast-paced growth, it added. "We are getting into a very exciting phase. This series A deal of Rs 110.5 crore with 13 per cent liquidation will not only help propel our growth but also invest in the incredible talent that drives our success to take on the new business orders received from across the globe," CTC Director Gaurav Mirchandani said. CTC manufactures candy toys for companies such as Colgate, Puma, MTR, Bournvita, Yellow Diamonds, Vistara Airlines and ..
Asian Paints, Aurobindo Pharma, AIA Engineering, Delhivery and Colgate-Palmolive stocks were trading in oversold zone, the daily chart shows. Here are the key levels to track.
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
BDL, Siemens and Colgate Palmolive among 5 stocks that look favourably placed on the technical charts for short-term gains; check key support, resistance levels here.
Strong Q1 earnings, revival in FMCG sector has propelled Colgate-Palmolive stocks; Technical charts suggests that the bias shall remain favourable as long as the stock holds Rs 3,500.
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.
The company said the quarter witnessed continued demand pickup in rural markets outpacing growth in urban markets for the second quarter in a row
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
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
During the quarter, the company also invested in advertising and saw its ad spends increase by 18 per cent to Rs 168.9 crore in the quarter
Q4 FY24 results: Patanjali Foods, Zydus Wellness, Bajaj Electrical, Colgate-Palmolive too will release their fourth quarter results
Colgate-Palmolive (India) has been one of the top gainers in the consumer space since June 2023, enriching investors by 53 per cent in this period
Net profit rose to Rs 330 crore for the quarter ended Dec. 31 from Rs 243 crore rupees a year earlier
While the stock is up 44 per cent from its lows in January this year, further gains will depend on its ability to sustain higher growth rates
ntensive marketing efforts and increased distribution, meanwhile, have boosted demand in rural areas
The company's digital interventions and data-led decision making on product assortments, pricing and promotions also helped to boost sales
Net sales growth of 10.8 per cent YoY at Rs 1,314.7 crore
The country's largest listed oral care company posted a gross margin expansion of 100 basis points (bps) on a sequential basis to 66.9 per cent, led by pricing and efficient sourcing
A lot hinges on its ability to boost volumes amid stiff competition
The toothpaste major's revenue from operations stood at Rs 1,281.2 crore