Latest news with #Colgate-Palmolive(India)Ltd
Business Standard
03-07-2025
- Business
- Business Standard
Colgate-Palmolive (India) Ltd spurts 1.01%, gains for five straight sessions
Colgate-Palmolive (India) Ltd is quoting at Rs 2459.2, up 1.01% on the day as on 12:44 IST on the NSE. The stock is down 14.76% in last one year as compared to a 5% spurt in NIFTY and a 4.09% spurt in the Nifty FMCG. Colgate-Palmolive (India) Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 2459.2, up 1.01% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.26% on the day, quoting at 25518.4. The Sensex is at 83618.54, up 0.25%. Colgate-Palmolive (India) Ltd has dropped around 0.92% in last one month. Meanwhile, Nifty FMCG index of which Colgate-Palmolive (India) Ltd is a constituent, has dropped around 1.46% in last one month and is currently quoting at 54439.7, up 0.52% on the day. The volume in the stock stood at 2.84 lakh shares today, compared to the daily average of 4.59 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 2469, up 0.86% on the day. Colgate-Palmolive (India) Ltd is down 14.76% in last one year as compared to a 5% spurt in NIFTY and a 4.09% spurt in the Nifty FMCG index. The PE of the stock is 46.1 based on TTM earnings ending March 25.
Business Standard
24-06-2025
- Business
- Business Standard
Colgate-Palmolive (India) Ltd up for fifth session
Colgate-Palmolive (India) Ltd is quoting at Rs 2432, up 0.92% on the day as on 12:44 IST on the NSE. The stock is down 14.1% in last one year as compared to a 6.15% spurt in NIFTY and a 2.95% spurt in the Nifty FMCG. Colgate-Palmolive (India) Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 2432, up 0.92% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.84% on the day, quoting at 25181.15. The Sensex is at 82910.27, up 1.24%. Colgate-Palmolive (India) Ltd has dropped around 3.12% in last one month. Meanwhile, Nifty FMCG index of which Colgate-Palmolive (India) Ltd is a constituent, has dropped around 4.31% in last one month and is currently quoting at 54226.85, up 0.67% on the day. The volume in the stock stood at 2.08 lakh shares today, compared to the daily average of 4.83 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 2445.2, up 1.13% on the day. Colgate-Palmolive (India) Ltd is down 14.1% in last one year as compared to a 6.15% spurt in NIFTY and a 2.95% spurt in the Nifty FMCG index.
Mint
23-06-2025
- Business
- Mint
Colgate-Palmolive eyes H2 rebound amid urban stress, rural growth
New Delhi: Despite a 'tough" March quarter and lingering pressure on many urban consumers, Prabha Narasimhan, managing director and chief executive officer (CEO) of Colgate-Palmolive (India) Ltd, expects a rebound in consumer sentiment and spending in the latter half of the year. She cited government interventions, improved liquidity and a good start to the monsoons as key drivers for this change. 'We're hoping the uptick in consumer sentiment happens towards the back end of the year. The government has intervened, there's been a tax cut, liquidity has improved, monsoons are meant to be quite good this year—all of those should certainly help. We see two pockets of opportunity—the top 30% of urban India has no shortage of money for FMCG products; they continue to want to premiumize. Meanwhile, rural India continues to be buoyant—crops have been good and the sentiment is also positive. However, there is stress in 70% of urban India that has been slightly under pressure," Narasimhan said in an interview with Mint on Monday. Also read: Trent sticks to the long-term goal of growing 25% every year In fiscal 2025, the maker of toothbrushes and body wash reported a 6.3% increase in sales, reaching ₹5,999 crore, compared to ₹5,644 crore in the previous year. The company's profit after tax in FY25 grew by 8.5% to ₹1,437 crore, up from ₹1,324 crore in the previous year. However, the fourth quarter saw a dip in both profit and sales, with net profit down 6.5% to ₹355 crore and revenue declining 2% to ₹1,452 crore. Rural volumes grew ahead of urban for the Mumbai-headquartered company during the fiscal year. The March quarter was 'tough", she said. Analysts attributed this to greater competition and weak urban demand. Managing consumption 'Consumers respond to a feeling of confidence. If they feel a little bit of pressure, then they tend to optimize across all parts of their budget. There are some things that are sacrosanct such as medical and education [expenses]. In the case of oral care, it is management of consumption; it's not through smaller pack sizes or cheaper packs," she told Mint in an interview in the capital. The Indian fast-moving consumer goods (FMCG) industry reported 11% year-on-year value growth in the March quarter, driven by a 5.1% volume increase and a 5.6% price hike, according to data released by NielsenIQ. Also read: Govt may relax registration rules for e-commerce players, traders unhappy Urban market growth decelerated in the March quarter, while rural markets saw an 8.4% volume increase, a slight dip from the December quarter. Other large packaged goods companies such as Procter & Gamble Hygiene and Health Care Ltd, the maker of Whisper, Vicks and Old Spice, gave similar commentary earlier this month. The company reported a steady revival in rural consumption, even as urban demand remains under pressure. The home and personal care category, where Colgate Palmolive operates, saw consumption growth of 5.7% in the March quarter, with higher demand in rural areas, NielsenIQ noted. The company competes with Dabur India and Hindustan Unilever Ltd. Oral care penetration Meanwhile, the maker of Colgate toothpaste and Palmolive body wash continues to increase the usage of oral care products in India. 'We would like to move the needle as far as urban India is concerned—to get the 80% of consumers who don't brush twice a day to brush twice a day. As far as rural India is concerned, the aim is to get the one in two consumers who don't brush daily to brush daily," she said. A decade ago, oral care penetration in India was around 85%. Today, it's close to universal. The company has also been pushing its flagship Oral Health Movement. Also read: P&G Hygiene sees rebound in rural demand, but urban stress persists As part of the same, over 4.5 million Indians screened their oral health in 700 districts. The company spent 14% of its FY25 annual sales on advertising. Narasimhan said the number will remain in the ballpark and within that range in the current fiscal, too. Meanwhile, commenting on global geopolitical volatility, Narasimhan said the company is largely insulated from supply chain disruptions. 'We are a largely 'make in India' for India company, so almost our entire production of both toothpaste and toothbrush is in India across our four plants. We are reasonably self-sufficient in that sense. We've tried very hard to localize, even to source raw materials; to that extent, one is a little bit insulated from all of this. The macro environment has become so volatile that it's just impossible to comment on and it's impossible for us to do anything other than to insulate on a more structural basis as we have done and continue to do," she added.
Business Standard
22-05-2025
- Business
- Business Standard
Quick Wrap: Nifty FMCG Index falls 1.44%
Nifty FMCG index ended down 1.44% at 55598.05 today. The index has slipped 3.00% over last one month. Among the constituents, Colgate-Palmolive (India) Ltd shed 6.48%, Varun Beverages Ltd slipped 2.00% and United Breweries Ltd dropped 1.78%. The Nifty FMCG index has fallen 0.00% over last one year compared to the 8.90% increase in benchmark Nifty 50 index. In other indices, Nifty IT index has dropped 1.31% and Nifty Media index added 1.11% on the day. In broad markets, the Nifty 50 is down 0.82% to close at 24609.7 while the SENSEX has dropped 0.79% to close at 80951.99 today.
Time of India
22-05-2025
- Business
- Time of India
Colgate-Palmolive (India) Q4 Results: Profit down 6% at Rs 355 crore
Colgate-Palmolive (India) Ltd on Wednesday reported a 6 per cent decline in net profit to Rs 355 crore in the fourth quarter ended March 31, 2025, impacted by lower sales. The company had posted a net profit of Rs 379.82 crore in the corresponding quarter of the previous fiscal, Colgate-Palmolive (India) Ltd said in a regulatory filing. Total income in the fourth quarter stood at Rs 1,481.57 crore as against Rs 1,512.66 crore, it added. For the quarter, the company reported net sales of Rs 1,452 crore as compared to Rs 1,481 crore in the same period of the previous fiscal. Total expenses were marginally higher at Rs 1,003.95 crore compared to Rs 1,001.3 crore in the year-ago period. Net profit after tax for 2024-25 grew by 8.5 per cent to Rs 1,437 crore from Rs 1,324 crore in the previous year, the company said. FY25 net sales were at Rs 5,999 crore compared to Rs 5,644 crore in FY24, it added. "In FY25, the company achieved a 6.3 per cent year-on-year increase in topline revenue, with toothpaste recording mid-single-digit value growth. The operating environment proved challenging in the second half of the year, primarily due to softening urban demand and intensified competition, which impacted Q4 performance," Colgate-Palmolive (India) Ltd Managing Director & CEO Prabha Narasimhan said. Looking forward, she said, "While we anticipate continued near-term macro headwinds, we expect to see a gradual recovery in market conditions in the latter part of the year." The company said its board declared a second interim dividend of Rs 27 per share of Re 1 each. The dividend payout to the shareholders will be Rs 734 crore and will be paid on or after June 16, 2025. The total dividend would be Rs 51 per share for 2024-25, it added. Shares of the company closed higher by 1.06 per cent at Rs 2,658.50 on BSE on Wednesday.
