Colgate-Palmolive Q3 FY25 results: Revenue rise 4.7% to Rs 1,452 crore, net profit down 2.3% at Rs 322.8
The company achieved 3.2% growth in Q3 and 8.8% in the nine-month period.
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The company achieved 3.2% growth in Q3 and 8.8% in the nine-month period.
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Colgate shares surged over 6% in trade to hit a fresh record high of Rs 3,413.75 after the company’s Q1 net profit surged 33% to Rs 364 crore from Rs 273.3 crore. Brokerages too turned bullish on the Colgate stock post its Q1 results and raised the target price for the shares.
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The company’s net profit rose by 22.31% to Rs 340.05 crore, compared to the same period last year.
The company's net revenues for the quarter ended at Rs. 1,341.7 crore, up 3.7% from Rs. 1293.35 crore in the same period a year before.
'While distributors are given 3.5-5 per cent margins by FMCG companies, new platforms negotiate 12-15 per cent margins which is disrupting the entire market,' says AICPDF.
The company reported a net profit of Rs 274.19 crore for the September quarter, a 12% growth YoY. It had posted a profit of Rs 244.11 crore in the corresponding quarter previous year.
Colgate-Palmolive (India) Ltd. announced on Tuesday that it has fixed the date of declaration of interim dividend as November 2, 2020. It has also scheduled its Board meeting on October 21 to approve the Q2 FY2021 results.