Colgate Palmolive India on July 29 reported a consolidated net profit of Rs 364 crore for the June quarter in FY25, registering a growth of 33 percent from Rs 273.68 crore in the same quarter of the previous financial year.
The company's net sales for the quarter is Rs 1,485.8 crore, rising 13 percent from Rs 1314.7 crore in the year-ago quarter.
The company witnessed continued demand pickup in rural markets outpacing growth in urban markets for the second quarter in a row. Led by this and the performance of toothpaste, toothbrush and personal care, domestic revenues grew by 12.8 percent year-on-year for the quarter, the company said in a regulatory filing.
The toothpaste portfolio saw double-digit growth driven by high single-digit volume growth.
EBITDA margins remained consistent despite the higher investment in advertising, which increased by 10% y-o-y
“Our toothpaste portfolio witnessed double-digit growth driven by high-single-digit volume growth. Our continued investments in perceivable superiority in product, brand building and innovation are yielding significant results while strengthening our brand metrics to highest
ever levels. In this quarter, our Toothbrush portfolio has also seen a concrete positive shift in competitive growth trajectory with strong double digit growth in topline," said Prabha Narasimhan, Managing Director & CEO of Colgate-Palmolive (India) Limited, said,
As per regulatory filings, 50 percent of Colgate’s Toothpaste portfolio (by volume) has transitioned to recyclable tubes while Colgate-Palmolive India is on track to exit FY 2024-25 with 100% recyclability.
The company shares closed 45.35 percent higher at Rs 3209.15 apiece on BSE on July 30.
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