Colgate Palmolive has announced its first quarter results. The company's Q1 net profit was up 42.9% at Rs 102.78 crore versus Rs 71.92 crore, YoY.
Its net sales were up 14.82% at Rs 467.99 crore versus Rs 407.6 crore, YoY.
Operating profit margin (OPM) was up 557 bps at 22.47% versus 16.90%.
Highlights
- Ad spends down 16% at Rs 58.28 crore versus Rs 69.31 crore - Other income at Rs 8.58 crore versus Rs 3.11 crore - Raw material costs up 12.7% versus sales growth of 14.82% (at Rs 98.91 crore versus Rs 87.67 crore)
Strong Performance
- Colgate's market share now close to 50%; after a near 2% increase in the last few months - Volume growth reasonably high, likely at about 10% in Q1 - Lower ad spends and input costs help improve margins - Fall in other expenses, rise in margins and other income boost bottomline