Colgate-Palmolive India shares gain 3% after Q2 results, dividend announcement; should you buy, sell or hold?
Colgate-Palmolive dividend 2023: Colgate-Palmolive India declared a dividend of Rs 22 per share, its first interim dividend for the financial year. That translated into a 2,200 per cent payout given the face value of Re 1 per share.
Colgate Palmolive India share price, Colgate Palmolive India share price target, Colgate Palmolive India dividend, Colgate Palmolive India Q2 results: Colgate-Palmolive India shares on Friday finished 2.24 per cent or Rs 45.55 higher at Rs 2,079.95 on NSE after the FMCG company reported its financial results for the July- September period and announced an interim dividend. After a volatile trade, the Colgate-Palmolive stock gained as much as nearly 3 per cent to Rs 2,090 apiece on NSE. After market hours on Thursday, the company reported a 22.31 per cent year-on-year increase in net profit to Rs 340.1 crore for the quarter ended September 30, driven by pricing and efficiencies. Its quarterly sales grew 6.1 per cent to Rs 1,462.4 crore, according to a regulatory filing. Read more on Colgate-Palmolive Q2 results
EDITOR'S TAKE | Revenue growth below expectations
Zee Business Managing Editor Anil Singhvi pointed out that the company's revenue growth was below expectations though operational performance was in line with estimates. No volume growth is a big concern, he added.
Here's how the counter moved on Friday:
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