Colgate Palmolive India announced Q3FY23 results: Q3FY23: Colgate-Palmolive (India) Limited reported net sales of Rs 1,281.2 crore for the quarter ended Q3FY23, a growth of 0.8% over Q3FY22. Domestic sales growth reported for the quarter ended Q3FY23 is 2.3%. Reported net profit after tax for the quarter was Rs 243.2 crore as against the net profit of Rs 252.3 crore for the same quarter of the Q3FY22 9MFY23: Net sales for the nine months ended 9MFY23 were recorded at Rs 3,846.2 crore, an increase of 1.9% over the same period of the 9MFY22. Net profit for the period was reported as Rs 730.9 crore. Ms. Prabha Narasimhan, Managing Director at Colgate-Palmolive (India) Limited, said, "The Company is focussed on its key strategic pillars of building oral care habit in India, driving innovation and renovation through science led products and premiumisation. In this quarter, we have partnered with the Andhra Pradesh government to kick off the Oral Health awareness program of 'Bright Smiles Bright Futures'. This initiative was recently kickstarted from a school in the Nellore district, where the company will work with the state government to educate children on oral health and build awareness on saying 'No' to tobacco. Continuing with our long standing relationship with dentists in India and with the ever-present push on digitisation, Colgate has launched an e-commerce platform; a first that is exclusively for dentists - dentistfirst.co.in to enable them access to specialty Colgate products that will be directly delivered to their clinics. Although oral care consumption continued to be weighed down in the quarter by adverse macro factors, we are cautiously optimistic going forward. The focus remains to stay invested in our category & brand building activities on key strategic pillars while delivering healthy EBITDA margins. We continue to build positive momentum in driving premiumisation across categories led by the modern trade and e-commerce channels." Result PDF
Analyst Meet with Colgate-Palmolive (India) Management on Company Performance and Outlook. Watch the full video transcript.