Personal Products company Colgate-Palmolive (India) announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Net Sales Growth: Colgate-Palmolive (India) Limited achieved a robust 10.4% YoY growth in net sales for the quarter ending March 31, 2024. Total net sales surged to Rs 1,480.7 crore, up from Rs 1,341.7 crore. Domestic Growth: The company reported a solid domestic growth rate of 10.7% for the quarter, indicating strong performance within the Indian market. Product Performance: The strong performance in Toothpaste contributed significantly to the company's sequential growth momentum in Q4 FY24. Market Dynamics: Rural markets showed resilience and growth momentum, outpacing urban markets, thus reflecting positive signs of demand recovery. Profitability Increase: Colgate-Palmolive (India) witnessed a notable increase in profitability, with net profit after tax reaching Rs 379.8 crore, marking a substantial 20.1% growth compared to the same quarter last year. FY24 Financial Highlights: Net Sales Growth (FY24): The company witnessed a substantial growth in net sales for the full year ending March 31, 2024, with an increase of 8.8% to Rs 5,644.2 crore compared to Rs 5,187.9 crore in the previous fiscal year. Domestic Growth: The company achieved a commendable domestic growth rate of 9.5% in FY24, driven by double-digit growth in the toothpaste category. Strategic Objectives: The robust performance in FY24 was attributed to the successful execution of strategic objectives, including accelerating growth in the core portfolio, premiumization through science-based innovation, driving category growth in toothbrush, and expanding the personal care category. Profitability and Margin Expansion: The company experienced a significant expansion in gross margins by approximately 400 basis points (bps), driven by productivity-linked savings and "Funding-the-Growth" initiatives. Prabha Narasimhan, Managing Director & CEO of Colgate-Palmolive (India) Limited, said, “At the end of the last quarter of FY24 we are pleased with the all-round progress we have made on our strategic priorities. We have doubled down on driving our mission of better oral health for everyone in India with renewed focus on Brushing at Night, including an innovative, communication tie up with IPL and further expanded our flagship in school Oral Health programme - Colgate Bright Smiles, Bright Futures which reached 5.2 million Children in the year. We have also continued to invest in superior, science backed oral care formulations, upgrading the product & packaging quality of 100% of our core portfolio. In this quarter, our strong results of 10% top line growth and 20% profit growth have come on the back of continued commitment to strategic priorities. We have relaunched Colgate Active Salt with a more potent and efficacious formula and made our global no. 1 toothpaste Colgate Total available in an accessible 80g pack. This builds on the launch of Colgate Total Sensitive in the prior quarter and more variants from the global portfolio will follow in subsequent quarters. We also launched exotic, new variants in the Palmolive body wash portfolio with unique fragrances. From a geography lens, our rural business has grown faster than urban and we continue to see strong performance in Modern Trade and ECommerce platforms. Margin delivery has been driven by continued great execution on our world class Funding The Growth program and gains are consistently being reinvested to grow the business. In the coming year, we are optimistic seeing the market recovery, the continued strengthening of our very strong brand and a robust innovation pipeline, starting with a first of its kind Tooth Whitening Booster under the Visible White Range. We stay committed to our mission of improving oral health in India, delivering competitive growth and strong bottom line performance” Result PDF