Fri, Jan 29, 2021
Colgate India Q3 FY21 delivered impressive 10.1% domestic sales growth in Q3, implying mid-to-high single-digit volume growth, a further improvement sequentially. Reported net sales rose 7.8% yoy (due to weaker export sales) and were in line with consensus. Gross margin of Colgate expanded sharply by 417 bp yoy to 69.6%. Colgate significantly stepped up investment in A&P spend, by 38% yoy, yet managed to deliver a 245 bp EBITDA margin expansion.
More >
Fri, Jan 27, 2017
Issam Bachaalani, Managing Director at Colgate-Palmolive (India) said, “In the awake of the liquidity crunch during the quarter, we took proactive measures to support our business partners to ensure ease of business. We extended credit to our customers, provided additional incentives, accelerated processing of trade claims and advanced payments to our supply chain partners to address liquidity issues.”
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
