Colgate Palmolive (India) reported a good set of Q4 results today and has beat street expectations on all parameters. Colgate’s Q4 revenue stood at Rs 1,480.7 crore from Rs 1,341.7 crore, a growth 0f 10.4% on a YoY basis. Domestic growth reported at 10.7% for the quarter. Net Profit after tax increased to Rs 379.8 crore from Rs 316.2 crore, a growth of 20.1% for the quarter. The Company continued to invest in brand building with an increase in advertising spend by 18% in the current quarter as compared to the previous year quarter.
The Board declared a Second Interim Dividend of Rs. 26/- per share of Re 1 each (face value). In addition the Board has also declared a one time special interim dividend of Rs 10 /- per share in view of the excellent performance of the Company for the Financial Year 2023-24. The dividend payout to the shareholders will be Rs. 979.2 Crore and will be paid on or after June 7, 2024 to those shareholders whose names are on the Register of Members of the Company as on May 23, 2024. The Total Dividend would be Rs. 58/- per share for the year 2023-24.
