Colgate brings big smile

Colgate-Palmolive India posted a robust performance for quarter ended 30th June 2024. On a 13% (YoY) growth in net sales at Rs.1459 crore, the company posted a 33% rise in net profit at Rs.364 crore. Excluding the impact of exceptional items in the prior year, the net profit after tax grew by 26%.

For the second quarter in a row, rural demand outpaced urban demand, led by good all-round performance of toothpaste, toothbrush and personal care.  

Its toothpaste portfolio witnessed double-digit growth driven by high-single digit volume growth. Its continued investments in perceivable superiority in product, brand building and innovation are yielding significant results while strengthening our brand metrics to highest ever levels.

Its 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%.

Supported by over 5x times surge in volumes, the stock price hit a new 52-week high today at Rs.3425.90, up almost 7%.