Colgate hits record high as Q1 net profit rises 33% year-on-year to Rs 364cr

Last updated: Jul 30, 2024 | 10:50 AM IST

Shares of Colgate-Palmolive (India) rose 5.44 per cent to Rs 3,383.85 after the FMCG leader’s net profit rose 32.99 per cent to Rs 363.98 crore in Q1FY25 from Rs 273.68 crore in Q1FY24.

Revenue from operations increased by 13.01% year-on-year (YoY) to Rs 1,485.76 crore for the quarter ended June 30, 2024.

The company’s domestic revenue growth was a 2-year CAGR of 12.6%. Demand from rural markets continued to grow this quarter, outpacing growth in urban markets for the second consecutive quarter. This, along with strong overall performance from toothpaste, toothbrush and personal care products, saw domestic revenue grow 12.8% year-on-year in the quarter, the company said.

Profit before tax (PBT) during the first quarter of FY25 stood at Rs 489.25 crore, up 32.67 per cent from Rs 368.76 crore reported during the same period a year earlier.

The company added that it remains focused on enhancing its overall brand image while maintaining a disciplined approach to cost control.

Prabha Narasimhan, Managing Director and CEO, Colgate-Palmolive (India), said, “We are pleased to report another quarter of strong and consistent performance, led by solid revenue growth across the portfolio and continued strengthening of competitive performance. Our toothpaste portfolio delivered double-digit growth driven by high single-digit volume growth. Our continued investment in perceived superiority in products, brand building and innovation is delivering significant results, while strengthening our brand metrics to all-time highs.”

Our toothbrush portfolio also saw a clear positive change in the competitive growth trajectory this quarter, with strong double-digit revenue growth. EBITDA margins remained stable despite higher advertising investment, which increased by 10% year-on-year.

Colgate-Palmolive (India) supplies oral care products under the Colgate brand. It also supplies personal care products under the “Palmolive” brand.

The price of the security reached an all-time high of Rs 3,408.40 today.

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First published: Jul 30, 2024 | 9:55 AM IST