Colgate Palmolive India Q1 Results Revenue Up 10.8% QoQ and 13.07% YoY

Colgate Palmolive India Quarterly Development Overview

Colgate Palmolive India Q1 Results: Colgate Palmolive India's financial results for the first quarter of 2024 show significant growth compared to the previous quarter and the same quarter last year. The company’s total revenue reached ₹1,496.71 crores, which is up by 10.8% from ₹1,350.64 crores in the previous quarter and 13.07% higher than ₹1,323.67 crores in the same quarter last year. This indicates strong sales performance.

Colgate Palmolive India Q1 Results’ selling, general, and administrative expenses increased sharply by 33.8% from ₹232.72 crores last quarter to ₹311.40 crores this quarter, and by 12.39% compared to ₹277.08 crores a year ago. Despite this rise in expenses, Colgate Palmolive India managed to improve its operating income to ₹466.83 crores, up 14.7% from the previous quarter and 31.55% from last year. This shows better efficiency in managing its core operations.

Colgate Palmolive India Q1 Results’ net income before taxes also rose by 14.8% from the last quarter and 32.67% year-on-year, reaching ₹489.25 crores. Net income after taxes increased by 15.1% from ₹316.23 crores to ₹363.98 crores compared to the previous quarter and by 32.99% from last year. Diluted normalized earnings per share (EPS) grew by 14.6% quarter-on-quarter and 26.32% year-on-year, indicating better profitability for shareholders. Overall, the company showed impressive growth in revenue, profit, and EPS despite higher expenses.

Here are Colgate Palmolive India's Q1 results for the fiscal period ending June 2024, with comparisons to the previous quarter and the same quarter last year:

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Colgate Palmolive India Q1 Results

Colgate-Palmolive (India) financial results for the quarter ending June 30, 2024, show their performance over the three months. The company earned ₹1,52,011 lakh in total income, which includes sales of ₹1,48,576 lakh and other operating income of ₹1,095 lakh. They also received ₹2,340 lakh from other sources. The total income is slightly higher than the previous quarter, which was ₹1,51,266 lakh.

Colgate-Palmolive (India) expenses for this quarter were ₹1,03,086 lakh. Major costs included ₹40,156 lakh for materials, ₹11,233 lakh for employee salaries, and ₹19,907 lakh for advertising. The cost of materials and salaries increased compared to the last quarter. The company made a profit of ₹48,925 lakh before accounting for exceptional items and taxes, which is lower than the ₹51,136 lakh profit in the previous quarter.

Colgate-Palmolive (India)’s after deducting ₹12,945 lakh in current taxes and adjusting for deferred taxes, the net profit for the quarter was ₹36,398 lakh. This is a bit higher than the ₹37,982 lakh profit from the last quarter. The total comprehensive income, which includes all gains and losses, was ₹36,398 lakh, showing a solid financial performance for the period.

Here is a simplified version of Colgate-Palmolive (India)'s financial results for the quarter ended June 30, 2024:

Colgate Palmolive India Financial Perfromance 

The table shows key financial details about Colgate Palmolive India. The company’s market cap is ₹97,043 crore, which is the total value of its shares. The current stock price is ₹3,568. The highest price in the past year was ₹3,624, while the lowest was ₹1,914. The stock’s Price-to-Earnings (P/E) ratio is 68.6, indicating how much investors are willing to pay for each rupee of earnings. 

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Quarterly Results 

Colgate Palmolive India's financial results for December 2023, March 2024, and June 2024. The company’s sales were increasing steadily, reaching 1,497 crores in June 2024. Expenses also rose during this period, ending at 988 crores in June 2024. Despite higher expenses, the company’s operating profit improved, peaking at 532 crores in March 2024. 

Here's the data for the quarters:

(Standalone Figures in Rs. Crores)

About Colgate Palmolive India

Colgate-Palmolive India is a major part of Colgate-Palmolive Company, a global leader in consumer goods. Established in India, it has a strong presence in the country's market, focusing on products for oral care, personal care, home care, and pet nutrition. The company is well-known for its popular brands such as Colgate toothpaste, Palmolive soaps, and Hill’s Science Diet pet food.

Colgate-Palmolive India has been serving millions of Indian households for many years, offering high-quality products that help people maintain their health and hygiene. They are dedicated to innovation and continuously improving their products to meet the needs of their customers.

Colgate-Palmolive India is committed to sustainability and social responsibility, actively working on environmental initiatives and community support programs. They focus on reducing their environmental impact by adopting eco-friendly practices in their operations.

With a strong emphasis on customer satisfaction, Colgate-Palmolive India aims to build lasting relationships with consumers by providing reliable and effective products. They are also involved in various health and hygiene awareness programs, contributing positively to society.