Colgate Q1 PAT up 42.9% at Rs 103 cr

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

Particulars	Jun-09	Mar-09	Dec-08	Sep-08
Net Sales / Interest Earned / Operating Income	485.4	472.2	435.56	430.17
Other Income	8.58	3.8	6.5	9.31
Total Income	493.98	476	442.06	439.48
Expenditure	-362.83	-379.41	-344.65	-361.38
Interest	-0.45	-0.11	-0.11	-0.46
Profit Before Depreciation and Tax	130.7	96.48	97.3	77.64
Depreciation	-5.63	-6.35	-5.53	-5.56
Profit before Tax	125.07	90.13	91.77	72.08
Tax	-22.29	-13.06	-14.03	-8.58
Net Profit	102.78	77.07	77.74	63.5
Equity Capital	13.6	13.6	13.6	13.6