Colgate Palmolive Q1 net profit rises by 8%

Colgate Palmolive reported net profit of Rs 125.72 crore for the June quarter ended 2016 (Q1FY17), a rise of 8.43% compared to Rs 115.94 crore in the corresponding period of the previous year.

The company’s total income stood at Rs 1149.09 crore, witnessing growth of 12.43% from Rs 1021.96 crore of June 2015.

While operating profit (EBITDA- earnings before interest tax depreciation and amortisation) was at Rs 211.27 crore, increasing by 3.66% against Rs 203.81 crore of Q1FY16. It’s operating profit margin was recorded at 18.38%, which contracted by 156 basis points year-on-year.

Issam Bachaalani, Managing Directors at Colgate-Palmolive (India) said, “At Colgate, we are always striving to customize our innovations to meet the consumer’s needs.  The stream of the innovations launched by the company during this quarter echo our sustained promise to growing the oral care category by building new segments base on consumer insights, our years of experience, advanced technology and progressive products.”

“For the last 75 years, we have contributed to champion of oral health in India, through our customer engagement program and sustainability initiatives,"added Bachaalani.

Sustaining strong growth momentum:

In the June quarter, Colgate reported volume growth of 6% (domestic at 5%) over the same quarter of the previous year.  

This quarter, market share rose by 56% for toothpaste and 47% for tooth brush. Also the oral category witnessed its net sales rising by 11% in Q1FY17.

New products such as Colgate sensitive clove and Colgate A1 toothbrush in its portfolio has also added to the performance box of toothpaste and toothbrush segment.

Colgate has identified personal care which also includes oral care as its primary reportable segment in accordance with requirements of Indian Accounting Standards. 

The share price of Colgate Palmolive closed at Rs 1012.40, zooms by Rs 55 or 5.77%.