FMCG company Colgate-Palmolive (India) announced Q2FY23 results: Q2FY23: Reported Net Sales of Rs. 1,378.4 crore for the quarter ended September 30, 2022, a growth of 2.6% over the same quarter of previous year. Reported Net profit after tax for the quarter was Rs. 278.0 crore as against the Net Profit of Rs. 269.2 crore for the same quarter of the previous year. H1FY23: Net Sales for the six months ended September 30, 2022 was recorded at Rs. 2,564.9 crore, an increase of 2.5% over the same period of the previous year. Net profit for the period was reported as Rs 487.7 crore. Prabha Narasimhan, Managing Director at Colgate-Palmolive (India) Limited, said, “The current quarter has seen improved momentum versus prior quarters driven by focused deployment of initiatives during the festive season. We continue to remain cautiously optimistic on the overall growth trend, especially in rural, and are encouraged by the growth of modern trade and e-commerce businesses in the current quarter. Our core brands like Colgate Strong Teeth, Colgate MaxFresh and Colgate Active Salt continue to report healthy growth. The breakthrough technology of Visible White O2, has delivered a very strong performance across quarters since launch. Ourinnovation pipeline continues to be robust - with the launch of MaxFresh Charcoal in this quarter, combined with continued impetus on Palmolive Face wash and Electric toothbrushes. While the macro economic environment stabilizes, our endeavor will be to deliver sustainable gross margins and continue to invest in our core while driving premiumisation and category expansion into personal care. We continue our focus on delivering innovation led profitable growth and value to our consumers and shareholders." Result PDF
Colgate-Palmolive (India) announced Q1FY23 results: Net Sales up 2.5% over the same quarter of the previous year aggregating to Rs 1,186.6 crore for the quarter ended June 30, 2022 Reported Net profit aftertax (excluding impact of exceptional item) for the quarter was Rs 216.6 crore as against the Net Profit of Rs 233.3 crore for the same quarter of the previous year Mr. Mukul Deoras, Chairman at Colgate-Palmolive (India) Limited, said, “The current quarter continued to witness challenging trends that we saw in the previous quarter. While we remain cautiously optimistic that the trends will improve in the coming quarters, the current quarter was impacted by overall rural slowdown and inflationary pressures. Our overall pricing strategy and strong funding the growth programs delivered consistent margins while we continue to maintain our strong investment in innovation and brand building activities. Our recent launch of Visible White O2 with patented innovative technology has been very well appreciated by the consumers. Also our new category launches such as Palmolive Face care range and extensions in the oral care segment with Advanced Electric Toothbrushes and Water Flossers have recorded encouraging response. Moreover, our relaunches of Colgate Strong Teeth and Colgate Vedshakti toothpaste have also been very well received, reinforcing our commitment to bring to market superior products that enhance consumer experiences. As an organization we continue to live our values and remain unwavering in our focus to improve the health and well being of our consumers and deliverlong-term shareholder value.” Result PDF