Colgate-Palmolive India reported a consolidated net profit of Rs 379.82 crore for the March quarter, a growth of 20.11 percent from the year-ago period.
Total sales came at Rs 1,480.66 crore, rising 10.35 percent in the year-ago quarter, the personal-care company said in a regulatory filing on May 13.
Earnings before interest, tax, depreciation and amortization (EBIDTA) for the quarter was at Rs 532 crore growing by 17.7 percent. EBITDA margins have improved by 220 bps YoY to 35.7 percent.
The Board has announced a Second Interim Dividend of Rs 26 per share, along with a special one-time interim dividend of Rs 10 per share due to the Company's outstanding performance in the Financial Year 2023-24.
The total dividend payout to shareholders will amount to Rs 979.2 Crore and will be distributed on or after June 7, 2024, to shareholders listed on the Company's Register of Members as of May 23, 2024. Overall, the dividend for the year 2023-24 stands at Rs 58 per share.
“At the end of the last quarter of FY 24 we are pleased with the all-round progress we have made on our strategic priorities. We have doubled down on driving our mission of better oral health for everyone in India with renewed focus on Brushing at Night, including an innovative, communication tie up with IPL and further expanded our flagship in school Oral Health programme - Colgate Bright Smiles, Bright Futures which reached 5.2 million children in the year. We have also continued to invest in superior, science backed oral care formulations, upgrading the product & packaging quality of 100 percent of our core portfolio." said Prabha Narasimhan, Managing Director & CEO.
The company improved Colgate Active Salt with a stronger formula and introduced a more affordable 80g pack for our leading toothpaste, Colgate Total. The company also launched new fragrances for Palmolive body wash. Rural sales outpaced urban, and are performing well in Modern Trade and E-commerce.
The company's margins remained strong due to our effective 'Funding The Growth' program.
Looking ahead, Colgate is optimistic about market recovery, backed by strong brand and innovative products like the Tooth Whitening Booster in the Visible White Range.
Meanwhile, shares of Colgate closed 1.44 percent lower at Rs 2818.40 apiece on BSE ahead of the earnings.
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