Rs 36/share dividend: Should you buy, sell or hold Colgate Palmolive shares post-Q4 result?

Colgate-Palmolive share price NSE today, Colgate-Palmolive dividend, Colgate-Palmolive India Q4 results: Colgate-Palmolive India shares on Wednesday, May 15 traded in the red territory despite the personal care product maker reporting better than estimated March quarter results led by double-digit growth in toothpaste. The stock fell as much as 5.49 per cent to the day's low of Rs 2,665.05 on NSE in morning deals. The stock closed at Rs 2,673, down 5.21 per cent on NSE. 

Colgate Palmolive India Q4 results

On Tuesday, Colgate-Palmolive India posted a 20.1 per cent increase in profit after tax (PAT) to Rs 379.8 crore in the March quarter.

The company had posted a PAT of Rs 316.2 crore in the same quarter a year ago, Colgate-Palmolive (India) said in a regulatory filing. 

Led by double-digit growth in the toothpaste category, the company delivered domestic growth of 9.5 per cent. Robust performance in FY24 was achieved through a successful execution of strategic objectives, namely growth acceleration in core portfolio, premiumisation through science-based innovation, driving category growth in toothbrush, and building the personal care category, it said. Read more on Colgate-Palmolive India Q4 results

Management Commentary

"From a geography lens, our rural business has grown faster than urban and we continue to see strong performance in modern trade and e-commerce platforms," Colgate-Palmolive (India) Managing Director & CEO Prabha Narasimhan said.

On the outlook, Narasimhan said, "In the coming year, we are optimistic seeing the market recovery, the continued strengthening of our very strong brand and a robust innovation pipeline, starting with a first of its kind 'Tooth Whitening Booster' under the 'Visible White' range." 

Colgate Palmolive share price target: Citi maintains 'Sell'

Citi has retained a sell call on Colgate-Palmolive India with a target of Rs 2,200. 

Colgate Palmolive dividend

Colgate-Palmolive India has declared a second interim dividend of Rs 26 per share of Re 1 each.

Colgate Palmolive special dividend

In addition, Colgate-Palmolive India has also declared a one-time special interim dividend of Rs 10 per share in view of the "excellent performance" for 2023-24. 

The dividend payout to the shareholders will be Rs 979.2 crore, the filing further said.

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