Colgate | Business Upturn

Colgate-Palmolive Q3 FY25 results: Revenue rise 4.7% to Rs 1,452 crore, net profit down 2.3% at Rs 322.8

Matrika Shukla — Tue, 28 Jan 2025 10:32:55 +0000

Colgate-Palmolive (India) Limited, a market leader in oral care, reported its financial results for the third quarter (Q3) and nine months ended December 31, 2024. Despite soft demand and a competitive landscape, the company delivered steady growth supported by innovation and strategic initiatives.

Key Financial Highlights (Q3 FY25)

Net Sales: ₹1,452 crore, up 4.7% year-on-year (YoY) from ₹1,386 crore in Q3 FY24.
Net Profit After Tax (PAT): ₹322.8 crore, slightly lower than ₹330.1 crore in Q3 FY24 due to a high base.
EBITDA Margin: 31.3%, reflecting improved sequential performance.

Nine-Month Performance (April-December 2024)

Net Sales: ₹4,547 crore, a 9.2% YoY growth from ₹4,164 crore in the same period last year.
Net Profit: ₹1,081.8 crore, a 14.6% increase from ₹943.8 crore YoY.

Operational Highlights

Domestic Growth: Achieved 3.2% growth in Q3 and 8.8% in the nine-month period.
Premiumisation Efforts: Continued focus on high-value segments with science-backed innovations like the Visible White Purple range and the newly launched MaxFresh Sensorial range.
Tech-Enabled Oral Health Movement: Launched India’s largest oral health initiative, providing personalized AI-generated dental screening reports and free dental checkups in partnership with the Indian Dental Association (IDA).

Prabha Narasimhan, Managing Director & CEO, stated, “This quarter saw relatively soft demand, particularly in urban markets. Despite these challenges, we delivered resilient results. Our continued investments in innovation, like the MaxFresh Sensorial range and Visible White Purple, have driven premium portfolio growth. We remain committed to advancing oral health in India through initiatives like the Oral Health Movement.”

Colgate-Palmolive continues to lead with sustainability and innovation:

Launched new eco-friendly packaging initiatives to reduce plastic waste and promote recyclability.
Expanded its Colgate Bright Smiles, Bright Futures® program, engaging children in oral health education.

With a strong innovation pipeline and a focus on premiumisation, Colgate-Palmolive aims to sustain its growth momentum in a competitive market.

Stocks to Watch Today: GMR Airports, Colgate, Zee, ITI, Gulf Oil, Waaree Energies and more

Aditya Bhagchandani — Tue, 19 Nov 2024 03:20:47 +0000

Nifty IT Index: Led the losses, declining by over 2%, weighed down by weakness in major IT stocks.

Energy and Healthcare Sectors: Fell nearly 1% each, reflecting subdued sentiment across these segments.

Top Gainers:

- Nifty Metals Index: Emerged as the top-performing sector, gaining up to 2% before paring some of the gains.
- Nifty Auto, FMCG, and Bank Indices: Posted modest gains of 0.3%-0.7%, signaling resilience in these sectors despite broader market volatility.

Stocks to watch –

GMR Airports:
October passenger traffic and aircraft movements increased by 9% YoY, signaling robust recovery in travel demand.
Colgate Palmolive:
Launched an AI-powered dental screening program, leveraging technology to enhance oral healthcare solutions.
Zee Entertainment:
Punit Goenka steps down as MD to focus on operational responsibilities as CEO, aligning with a strategic leadership transition.
Shilpa Medicare:
Its arm received a Certificate of Suitability from the EU regulator for Octreotide API, boosting its global market presence.
ITI Limited:
Secured a ₹95 crore contract from the Geology and Mining Department, Uttarakhand.
PG Electroplast:
Signed an agreement to become an EV manufacturing partner for Africa’s Spiro Mobility, expanding its global footprint.
AstraZeneca:
Gained import and marketing approval from DCGI for its COPD drug, Breztri Aerosphere, enhancing its respiratory care portfolio.
Gulf Oil:
ICRA upgraded its long-term cash credit limit rating to AA+ from AA, reflecting improved creditworthiness.
MedPlus Health Services:
Premji Invest and SBI Mutual Fund offload 6.6% equity via block deals. Buyers include Morgan Stanley Asia and Kotak MF.
Waaree Energies:
Posted a muted Q2 performance, with profit aided primarily by other income rather than operational growth.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Colgate launches Oral Health Movement to empower millions of indians with AI-powered dental screening

Matrika Shukla — Mon, 18 Nov 2024 13:20:52 +0000

Colgate-Palmolive (India) Limited, a leader in oral care, has announced the launch of its transformative Oral Health Movement aimed at improving the oral health of millions of Indians. This AI-powered initiative, developed in partnership with Logy.AI, leverages technology to raise awareness and provide accessible dental care solutions to people across India.

The core of the initiative is an AI-enabled dental screening tool that allows users to receive an instant dental health report via WhatsApp. To use the service, participants simply scan a QR code on Colgate product packs, dial a number, or upload images of their mouths to receive a free screening. Available in nine Indian languages, this tool makes dental care accessible to a wide audience.

In collaboration with the Indian Dental Association (IDA), which has a network of 50,000 dentists, Colgate will offer free dentist consultations post-screening to ensure that users can take appropriate action based on their dental health report.

The Oral Health Movement is designed to address the urgent need for dental care awareness in India, where 90% of people suffer from oral health issues, and a significant portion of the population does not visit a dentist regularly. The campaign will also involve retail stores, educational institutions, housing societies, and corporates across multiple cities.

Prabha Narasimhan, Managing Director & CEO of Colgate-Palmolive (India) Limited, expressed, “Through our AI-powered Oral Health Movement, we are democratizing access to dental care and empowering millions of Indians to prioritize their oral health, improving their overall well-being.”

This initiative follows Colgate’s long-standing commitment to oral health education, with its flagship program, Colgate Bright Smiles, Bright Futures® (BSBF), having already reached over 180 million school children in India. The Oral Health Movement will build on this foundation, aiming to have a far-reaching impact on oral health awareness across the nation.

In addition to the dental screenings, Colgate has launched a mass media campaign on television and digital platforms to encourage people to take advantage of the screenings, backed by influencer partnerships and on-the-ground activations to further amplify the movement’s reach.

Colgate-Palmolive India declares interim dividend of ₹24 per share

Aditya Bhagchandani — Thu, 24 Oct 2024 07:17:35 +0000

Colgate-Palmolive (India) Limited has declared its first interim dividend for the financial year 2024-25. The Board has approved a dividend of ₹24 per equity share, with a face value of ₹1 per share. The total dividend payout will amount to ₹653 crore. This dividend will be disbursed starting November 21, 2024, to shareholders whose names appear in the Register of Members or Beneficial Owners as of November 4, 2024.

Commenting on the company’s consistent performance, Ms. Prabha Narasimhan, Managing Director & CEO of Colgate-Palmolive (India) Limited, expressed her satisfaction, highlighting the broad-based growth across portfolios, led by flagship products such as Colgate Maxfresh and Colgate Strong Teeth. She emphasized that, despite challenging market conditions, Colgate remains committed to investing in superior products and expanding advertising efforts.

Colgate-Palmolive India Q2 FY2025 Results: Net profit jumps 16.2% YoY to ₹395.1 crore

This quarter also saw notable innovation with the launch of Colgate Visible White Purple, which uses color theory for whitening products. The company continues to push premiumisation across its portfolio, including its toothbrush category, which has seen strong double-digit growth. Additionally, new advertisements for Colgate Total, which features patented Dual Zinc and Arginine technology, have further strengthened the company’s market position.

This dividend declaration reflects the company’s robust financial position and its commitment to delivering value to shareholders while maintaining focus on product innovation and premiumisation strategies.

Colgate-Palmolive India Q2 FY2025 Results: Net profit jumps 16.2% YoY to ₹395.1 crore

Aditya Bhagchandani — Thu, 24 Oct 2024 07:07:48 +0000

Colgate-Palmolive (India) Limited announced its financial results for the second quarter of FY2025, reporting impressive growth across multiple performance metrics.

Net Sales:
Colgate-Palmolive (India) Limited achieved a 10% year-on-year (YoY) increase in net sales for the quarter ending September 30, 2024. Domestic revenues rose by 10.5%, bringing total net sales to ₹1,609.2 crore, compared to ₹1,462.4 crore in Q2 FY2024. This growth was attributed to the strong performance of its entire product portfolio.

Profitability:
The company reported a net profit after tax (PAT) of ₹395.1 crore for Q2 FY2025, a 16.2% increase compared to ₹340.1 crore in the same quarter last year. This result included a one-off tax credit from income tax refunds during the quarter. Additionally, the company’s advertising spend increased by 17.8% YoY, supporting both brand and category development initiatives.

Ms. Prabha Narasimhan, Managing Director & CEO of Colgate-Palmolive (India), expressed satisfaction with the company’s consistent performance, citing broad-based growth across core brands such as Colgate Maxfresh and Colgate Strong Teeth. Toothbrushes also experienced double-digit growth, driven by increased premiumisation.

Innovation and Brand Development:
The quarter saw the launch of Colgate Visible White Purple, a whitening toothpaste based on colour theory, which received a positive response. Additionally, Colgate Total was supported by new communication, while Colgate Strong Teeth focused on addressing calcium loss due to snacking, helping the product build its calcium-boosting credentials.

CSR Initiatives:
Colgate’s Bright Smiles, Bright Futures® program reached new milestones, impacting over two crore children in Uttar Pradesh and two lakh children in Goa through partnerships with local governments.

Dividend:
The company declared a first interim dividend of ₹24 per equity share for FY2025. The total dividend payout is expected to be ₹653 crore, payable on or after November 21, 2024.

With a solid focus on innovation, category development, and a robust P&L, Colgate-Palmolive (India) Limited is well-positioned for continued success in the Indian oral care market.

Stocks Hitting 52-Week Highs Today: Suzlon, Colgate, Nuvama Wealth, CAMS, BPCL and more

Aditya Bhagchandani — Tue, 30 Jul 2024 06:07:04 +0000

Several stocks have reached their 52-week highs today on 30th July, reflecting strong market performance and investor sentiment.

Here are some stocks –

1. Computer Age Management Services (CAMS)

– Today’s High: ₹4,725.00

– Current Price: ₹4,631.25

– 52-Week High: ₹4,725.00

– 52-Week Low: ₹2,230.00

– Volume: 1,386,211

– Market Cap: ₹22,744 Cr

– Notable Information: CAMS has surged 7.75% today, reflecting strong market confidence.

2. Jindal Saw Limited

– Today’s High: ₹654.55

– Current Price: ₹642.00

– 52-Week High: ₹654.55

– 52-Week Low: ₹300.30

– Market Cap: ₹17,357 Cr

– Recent News: The company reported a 66.7% YoY increase in net profit for Q1 FY25, boosting investor confidence and contributing to the stock reaching its 52-week high.

3. Nuvama Wealth Management Limited

– Today’s High: ₹6,439.00

– Current Price: ₹6,379.95

– 52-Week High: ₹6,439.00

– 52-Week Low: ₹2,100.00

– Market Cap: ₹17,332 Cr

– Sector: Wealth management, asset management, and capital markets.

4. Colgate Palmolive

– Today’s High: ₹3,424.95

– Current Price: ₹3,392.20

– 52-Week High: ₹3,424.95

– 52-Week Low: ₹1,909.00

– Market Cap: ₹86,188 Cr

– Recent News: Colgate has been praised by brokerages for its strong Q1 volume growth, particularly driven by a recovery in rural demand.

5. Bharat Petroleum Corporation Limited (BPCL)

– Today’s High: ₹357.60

– Current Price: ₹355.30

– 52-Week High: ₹357.60

– 52-Week Low: ₹165.73

– Market Cap: ₹1,32,758 Cr

– Recent News: UBS has raised price targets for BPCL, citing an 18% potential upside, alongside a ‘buy’ recommendation.

6. Suzlon Energy

– Today’s High: ₹68.22

– Current Price: ₹64.98

– 52-Week High: ₹68.22

– 52-Week Low: ₹17.70

– Market Cap: ₹75,263 Cr

– Recent News: Suzlon Energy shares have been on a bullish trend, hitting upper circuits and rising for seven consecutive sessions.

Recent Stock Price History

Date	CAMS (₹)	Jindal Saw (₹)	Nuvama Wealth (₹)	Colgate (₹)	BPCL (₹)	Suzlon (₹)
Mon, Jul 29	4,616.00	601.75	6,010.00	3,210.00	337.90	64.98
Fri, Jul 26	4,292.00	578.75	5,703.25	3,165.20	328.80	61.89
Thu, Jul 25	4,284.60	556.70	5,548.15	3,152.45	326.15	61.47
Wed, Jul 24	4,290.00	554.50	5,261.45	3,141.55	314.95	60.72
Tue, Jul 23	4,290.00	545.35	4,896.00	3,168.85	306.00	57.83
Mon, Jul 22	4,284.60	551.65	4,743.65	3,138.05	308.25	55.08
Fri, Jul 19	4,292.00	548.30	4,801.95	3,120.95	303.80	54.55
Thu, Jul 18	4,284.60	565.90	4,922.40	3,121.40	318.15	55.39

Colgate shares surge 6% to hit fresh record high, brokerages increase target price post Q1 results

Markets Desk — Tue, 30 Jul 2024 05:07:04 +0000

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.

CLSA upgraded Colgate to hold and raised the target price to Rs 3,157. They noted that Q1 sales were 3% above estimates and EBITDA was 2% above expectations. Toothpaste volume growth of high single digits surpassed the estimate of around 6%. CLSA highlighted that Colgate’s sales growth was driven by investments in superior product development, brand building, and innovation, with rural areas growing faster than urban for the second consecutive quarter.

BoFA Securities upgraded Colgate to underperform with a target price of Rs 3,175, noting that Q1 results were ahead of expectations. They suggested that the margin trajectory could normalize and that the medium-term upside potential was already priced in. BoFA observed that while Q1 performance was strong even last year, growth rates normalized subsequently.

Nomura maintained a sell rating with a target price of Rs 2,800. They acknowledged an all-round beat with Q1 volume growth of 6-7% versus an estimate of around 2%. Strong gross profit margin and operating profit margin expansion drove 22% EBITDA growth. Nomura increased FY25F/26F/27F EPS by 4.0%/2.8%/1.6% to account for the Q1 beat but expressed concerns over the risk-reward ratio, citing a moderate EPS growth phase of 10% CAGR over FY24-27F compared to 26% year-on-year growth in FY24 on rich valuations.

Jefferies maintained a buy rating and raised the target price to Rs 3,570. They attributed Colgate’s impressive revenue growth and high-single-digit volume growth in Q1 to a combination of macro factors, such as a pick-up in rural markets and strong execution. Higher than expected gross margins and operating leverage benefits led to earnings well ahead of estimates, prompting Jefferies to upgrade earnings estimates for the third consecutive quarter.

HSBC rated Colgate as a hold with a target price of Rs 3,000. They noted that the stock’s impressive run-up was likely due to revenue growth, margin reset, and increased market defensiveness. Q1 results stood out with high-single-digit volume growth and significant beats on revenue and profits, but HSBC sees limited upside due to rich valuations.

Colgate shares surge over 5% as company’s Q1FY25 net profit jumps to ₹364 crore

Aditya Bhagchandani — Tue, 30 Jul 2024 04:06:42 +0000

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.

Colgate Q4 Results: Net profit surges 20% YoY to Rs 379 crore, board declares special dividend

Markets Desk — Tue, 14 May 2024 13:41:59 +0000

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.

Stock Comparison: Colgate vs Dabur in India – Market Share, Financials, Stock Price Performance, and More

Arunika Jain — Tue, 14 May 2024 12:07:15 +0000

Colgate and Dabur are two of the leading FMCG companies in India, competing in various product categories such as toothpaste, oral care, and personal care. Here, we’ll compare these two giants in the Indian market, analyzing their market share, financial performance, stock price performance, valuation metrics, and shareholding patterns.

Market Share

Category	Colgate	Dabur
Toothpaste Market (by value) as on March 2020	48.3%	13.4%
Natural/Herbal Toothpaste	–	~75% (combined with Patanjali)

Financial Performance

Metric		Colgate	Dabur
Market Cap	As of May 14, 2024	₹ 76,645.55 crore	₹ 98,224.13 crore
Total Income	As of December 31, 2023	₹ 1,413.54 crore	₹ 2,516.22 crore
Net Profit	As of December 31, 2023	₹ 330.11 crore	₹ 428.12 crore
Earning Per Share	As of December 31, 2023	₹ 2.42	₹ 12.14

Stock Price Performance

Metric	Colgate	Dabur
1-Year Return	73.25%	6.98%

Valuation Metrics (as on 14 May, 2024)

Metric	Colgate	Dabur
Price-to-Earnings (P/E) Ratio	60.97	52.86
Price-to-Book Value (P/BV) Ratio	44.12	9.87
Dividend Yield	1.50%	0.99%

Shareholding Pattern (March 2024)

Company	Promoter Holding
Colgate	51.0%
Dabur	66.25%

Brokerage Calls

Dabur: Of the 40 analysts tracking Dabur India, 43% have a Buy rating on the stock, 28% have an Outperform rating, 25% have and hold rating, while the rest 6% have an Underperform and Sell rating, respectively.

Colgate: Of the 31 analysts tracking Colgate Palmolive, 10% have a Buy and Outperform rating on the stock, 35% have an Hold rating on the stock, 19% have an underperform rating and the rest 26% have a Sell rating.

In conclusion, while Colgate leads the toothpaste market, Dabur has a strong presence in the natural/herbal segment and a higher market capitalization. Colgate has outperformed the market in terms of stock price performance, but both companies have healthy financials and promoter holdings.

Disclaimer: The information provided in this article is for educational and informational purposes only. It should not be considered as professional financial advice. Investing in stocks involves risks, and readers should conduct their own research and due diligence before making any investment decisions.

Note: The stock prices and financial data mentioned in this article are as of May 14, 2024, the time of writing. Data sourced from NSEindia.com and Angleone.in

Colgate Q4 FY23 earnings: net sales rise by 3.7% to Rs. 1,341 crore; Check out other market highlights

News Desk — Fri, 12 May 2023 14:11:46 +0000

Colgate-Palmolive, a multinational FMCG firm, released the results of its fourth quarter operations for the financial year 2023 (FY23) on Friday.

The firm reported that its net sales for the quarter ended at Rs. 1,341.7 crore, which is an increase of 3.7% from Rs. 1293.35 crore reported for the same time the previous year. The profit after tax for the quarter came in at Rs. 316.2 crore, representing a decrease of 2.28% year over year in contrast to the reported net profit of Rs. 323.6 crore for the same period the previous year. The rise in domestic sales that the business recorded for Q4FY23 was 5.4%.

“The Board of Directors has announced an Rs. 21/- Second Interim Dividend for the Financial Year 2022-23, which will be paid out on shares with a face value of Re 1 apiece. Those shareholders who had their names listed on the Register of Members of the Company as of May 20, 2023, would be eligible to receive the dividend payment of Rs. 571.17 crore, which will be paid on or after June 8, 2023. According to a filing with the stock market, Colgate-Palmolive (India) said that the Total Dividend will be Rs. 39/- per share for the year 2022-23.

“We are satisfied with the sequential progress that has been made as well as the results of the quarter. The company has generated domestic growth of 5.4%, with toothpaste producing high single-digit growth despite ongoing slow demand patterns in the category as a whole, particularly in rural areas, but the company has nonetheless managed to deliver domestic growth of 5.4% overall. Our aim to boost consumption, innovation centered on offering high-quality science-led goods, and premiumization have all been driving forces behind this development. According to Ms. Prabha Narasimhan, the company’s Managing Director and Chief Executive Officer, “We remain fairly optimistic that the overall category growth will improve in the coming quarters.”

“Continuing its emphasis on creating healthy oral care habits in India, the country’s largest toothpaste brand, “Colgate Strong Teeth,” is being relaunched in an upgraded formula with unique, best-in-class, arginine technology. This is part of the company’s commitment to “Colgate’s commitment to building healthy oral care habits in India.” The formulation of Colgate Strong Teeth contains arginine and fluoride, both of which contribute to a 2X acceleration of the process of returning the natural calcium that is found in saliva to the teeth. According to Prabha Narasimhan, this leads to nourished teeth that are 2 times stronger, and as a consequence, the phrase “Paste Hi Nahi, Poshan Hai Ye.”

Colgate Palmolive (India) shares ended the day on the National Stock Exchange (NSE) trading at 1,621 rupees each, a decrease of 0.32% from their previous closing price of 1,626.15 rupees.

Colgate-Palmolive India Q3: Net profit declines by 3.6% to ₹243.24 Crore

Aryan Jakhar — Tue, 24 Jan 2023 08:58:30 +0000

Colgate Palmolive India reported a 3.6% decrease in net profit to ₹243.24 crore on Tuesday. This compares to a net profit of ₹252.33 crore in the prior year, according to a regulatory filing by Colgate Palmolive India.

The company’s revenue from operations increased by 0.9% to ₹1281.21 crore in the quarter under review, up from ₹1271.29 crore the previous year.