Colgate Q3 net profit seen up 18.7% at Rs 92.2 cr

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Colgate Palmolive is set to announce its third quarter results of FY10. According to CNBC-TV18 estimates, its net profit is expected to go up 18.7% at Rs 92.2 crore from Rs 77.7 crore, YoY.

Sales are seen goign up 17% to Rs 491 crore versus Rs 419.2 crore and operating profit margin (OPM) is seen improving to 21.5% versus 20.9%.

Q3 Expectations

* Volume growth of about 15%
* Gross Margin expansion of about 150 bps, translating into OPM improvement by 60 bps
* Promotional spends and Oral Health Camp's to restrict OPM expansion
* Tooth powder sales seen flat YoY
* PAT growth restricted on acct of higher tax