Personal Products company Colgate-Palmolive (India) announced Q4FY23 & FY23 results: Q4FY23: Net Sales of Rs 1,341.7 crore for Q4FY23, a growth of 3.7% over Q4FY22 Domestic sales growth reported for Q4FY23 is 5.4% Net profit after tax for Q4FY23 was Rs 316.2 crore as against the Net Profit of Rs 323.6 crore for Q4FY22 Excluding the impact of a one-time tax reversal in the prior year quarter, the Net profit grew by 8.5% for Q4FY23 FY23: Net Sales for FY23 were recorded at Rs 5,187.9 crore, an increase of 2.4% over FY22 Net profit for FY23 was reported as Rs 1,047.1 crore as against the Net Profit of Rs 1,078.3 crore for FY22 Excluding the impact of a one-time tax reversal in the previous year, the Net profit grew by 0.1% for FY23 The Board declared a Second Interim Dividend for FY23 of Rs 21/-per share of Re 1 each (face value). The Total Dividend would be Rs 39/- per share for FY23. Prabha Narasimhan, Managing Director & CEO of Colgate-Palmolive (India), said, “We are happy with the sequential progress and outcomes of the quarter. The Company has delivered domestic growth of 5.4%, with toothpaste delivering high single-digit growth despite continuing sluggish demand trends in the category, especially in rural. This has been driven by our strategy to increase consumption, innovation focussed on delivering high-quality science-led products, and premiumisation. We remain fairly optimistic that the overall category growth will improve in the coming quarters. Continuing its focus on building healthy oral care habits in India, the country’s biggest toothpaste brand "Colgate Strong Teeth" is being relaunched in an improved formula with unique, best-in-class, Arginine technology. The presence of Arginine and Fluoride in Colgate Strong Teeth helps in 2X enhancement of the process of restoring the natural calcium from saliva back to teeth. This results in nourished teeth that are 2X stronger and hence "Paste Hi Nahi, Poshan Hai Ye". On our innovation journey, Colgate continues to lead teeth whitening in India and has launched the Visible White Teeth Whitening Pen. This specially formulated whitening serum is an efficacious at-home whitening solution that brightens your smile while you sleep. Launched exclusively through our professional partners and our exclusive B2B platform (Dentist First), the Teeth Whitening Pen elevates our consumers' oral beauty regimen. Our combined Annual & ESG report to be launched in June will report the excellent progress on our initiatives on women's livelihood, water augmentation in water-stressed regions, cleft surgeries in regions with low or no medical aid, along with steps on our Bright Smiles Bright FutureTM program in partnership with the state of Andhra Pradesh. On the sustainability front, we continue to be plastic-neutral this year and have maintained True Zero Waste certification across all our plants. Our Goa and Sri City plants have already turned Net Positive this year ahead of our water target of Net Zero for 2025.” Result PDF