Personal Products company Colgate-Palmolive (India) announced Q2FY25 results Domestic revenue growth in H1FY25 at a 2-year CAGR of 10.4%. First Interim Dividend @ Rs 24 per share. Net Sales: Colgate-Palmolive (India) Limited reported 10.0% year-on-year topline growth for Q2FY25 with domestic revenues growing by 10.5%. Net Sales increased to Rs 1,609.2 crore from Rs 1,462.4 crore with all parts of portfolio reporting strong consistent growth momentum. Profitability: The Company reported Net Profit after tax of Rs 395.1 crore in Q2FY25 as compared to Rs 340.1 crore in Q2FY24, a growth of 16.2%. This includes one-off credit related to interest on income tax refunds received during the quarter. Advertising spend increased by 17.8% in the current quarter as compared to the same period last year with increased support behind both brand and category development actions. At the same time, the Company increased the investment behind delivering perceivably superior products to consumers. Prabha Narasimhan, Managing Director & CEO of Colgate-Palmolive (India), said: “We are pleased with the robust, consistent topline performance in a tough operating environment. This has been led by broad-based growth across portfolios. Toothpaste achieved high-single digit volume growth on the back of our core brands- Colgate Maxfresh and Colgate Strong Teeth. Toothbrush continued to grow at double digits with rapid premiumisation. We expect continued difficult market conditions but remain committed to leverage our very strong P&L; which allows us to continue to invest behind superior products and advertising while we maintain our focus on ensuring better oral health for everyone in India. This was a big innovation quarter with the launch of Colgate Visible White Purple, a product that uses colour theory and builds on our growing whitening business. Early response has been excellent. In addition, we aired new communication on our flagship global offering - Colgate Total. With its patented Dual Zinc and Arginine Technology, Colgate Total offers the best everyday protection and is the cornerstone of our premiumisation strategy. Colgate Strong Teeth saw new advertising, built on the very relevant insight for today of increased snacking leading to increased loss of calcium and Colgate Strong Teeth with its arginine + calcium boost builds back this lost calcium.” Result PDF
Personal Products company Colgate-Palmolive (India) announced Q1FY25 results: Financial Highlights: Colgate-Palmolive (India) Limited delivered a robust 13.0% YoY topline growth for the quarter ended June 30, 2024. Net Sales increased to Rs 1,485.8 crore from Rs 1,314.7 crore. Net Profit after tax increased to Rs 364.0 crore from Rs 273.7 crore, a growth of 33.0% YoY for the quarter. Excluding the impact of exceptional items in the prior year, the net profit after tax grew by 26.3% YoY Prabha Narasimhan, Managing Director & CEO of Colgate-Palmolive (India), said, “We are happy to report another quarter of strong and consistent performance led by robust topline growth across the portfolio and continued strengthening of competitive performance. Our toothpaste portfolio witnessed double-digit growth driven by high-single digit volume growth. Our continued investments in perceivable superiority in product, brand building and innovation are yielding significant results while strengthening our brand metrics to highest ever levels. In this quarter, our Toothbrush portfolio has also seen a concrete positive shift in competitive growth trajectory with strong double digit growth in topline. EBITDA margins remained consistent despite the higher investment in advertising, which increased by 10% YoY. Key highlights of this quarter include a first to the world Whitening booster gel to play in the rapidly growing Whitening segment; the continued focus on category growth through “BrushatNight” campaign and sustained investment on superior communication which is driving the Colgate equity to its highest historical levels.” Result PDF