Colgate-Palmolive India announced a consolidated net profit of Rs 379.82 crore for the fourth quarter of FY24, marking a 20.11% increase from the same period last year. This result exceeded analysts’ expectations, which had projected a net profit of Rs 360 crore.
Revenue for the March quarter rose by 10.35% year-on-year to Rs 1,480.66 crore, slightly above street estimates of Rs 1,468 crore. This growth reflects the company’s strong performance across various segments and market strategies.
The company’s earnings before interest, tax, depreciation, and amortization (Ebitda) reached Rs 532 crore for the quarter, a near 18% increase compared to the previous year. Bloomberg’s consensus estimates had anticipated an Ebitda of Rs 504 crore. Ebitda margins also saw a notable improvement, increasing by 220 basis points to 35.7% year-on-year.
In addition to the positive financial performance, the Board of Directors announced a second interim dividend of Rs 26 per share and a special one-time interim dividend of Rs 10 per share. This move underscores the company’s commitment to returning value to its shareholders.
“We have continued to invest in superior, science-backed oral care formulations, upgrading the product and packaging quality of our core portfolio,” stated Prabha Narasimhan, Managing Director and CEO of Colgate-Palmolive India. Narasimhan highlighted that rural sales outpaced urban sales, and the company’s products performed well in modern trade and e-commerce platforms.
