Colgate-Palmolive shares surge over 5% after company reported strong Q1 results with 33% profit growth.
Colgate-Palmolive (India) Ltd announced a robust performance for the first quarter ending June 30, 2024, surpassing market expectations. The company reported significant growth in both net profit and revenue, driven by strong demand in rural markets and solid sales of toothpaste, toothbrush, and personal care products.
Key Highlights:
– Net profit rose 33% to ₹364 crore
– Revenue increased 13.1% to ₹1,496.7 crore
– EBITDA grew 21.5% to ₹508.3 crore
– EBITDA margin stood at 34%
Financial Performance:
|
Metric |
Q1 FY 2024-25 |
Q1 FY 2023-24 |
Change (%) |
|
Net Profit (₹ crore) |
364 |
273.7 |
33% |
|
Revenue (₹ crore) |
1,496.7 |
1,323.7 |
13.1% |
|
EBITDA (₹ crore) |
508.3 |
418.1 |
21.5% |
|
EBITDA Margin (%) |
34 |
31.6 |
– |
|
Net Sales (₹ crore) |
1,485.8 |
1,314.7 |
– |
Management Commentary:
Prabha Narasimhan, Managing Director and CEO of Colgate-Palmolive (India), expressed satisfaction with the company’s performance: “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.”
Market Reaction:
As of 9:35 AM the shares of Colgate-Palmolive (India) were trading 5.47% higher at ₹3,385.50 on NSE.
