Colgate Q3 Domestic Net Sales up 10.1% and Net Profit up 24.7%

Q3 2020-21: Colgate-Palmolive (India) Limited today reported Net Sales of Rs. 1,224.2 crore for the quarter ended December 31, 2020, an increase of 7.8% over the same quarter of the previous year. Domestic net sales for the quarter reported a healthy 10.1% growth. Reported Net profit after tax for the quarter was Rs. 248.4 crore as against the Net Profit of Rs. 199.1 crore for the same quarter of the previous year, a growth of 24.7%.

9M 2020-21 : Net Sales for the nine month ended December 31, 2021 was recorded at Rs. 3535.5 crore, an increase of 3.2% over the same period of the previous year. Reported net profit after tax for the same period was Rs. 720.7 crore, an increase of 17.7% over the previous period.

Mr. Ram Raghavan, Managing Director at Colgate-Palmolive (India) Ltd, said, "We are very pleased with not only the continued momentum on the business but also the quality of the results across the P&L. Our strategic and disciplined approach to building brands, driving innovation & relentless focus on winning on the ground continues to deliver per our expectations. Particularly pleasing is the double digit sales growth (10.1%) we've delivered, striking the right balance between volume and pricing.

We continue to invest in our brands with higher advertising spends to support our innovations. Our continued efforts to amplify efficiencies across our operations have helped deliver strong gross margins, EBITDA and NPAT growth.

Our unwavering focus on the consumer and our efforts to re-define oral health is reflected in our recent new product launches. We've broadened the Colgate Vedshakti franchise from just toothpaste to newly introduced categories like Mouth spray and Oil Pulling.

In our efforts to create new segments, we have recently launched Asia's first Toothpaste for Diabetics. It's unique formula harnesses the goodness of Ayurvedic ingredients with cutting edge oral science helping diabetics to keep their gums strong and healthy.

We also expanded our Naturals toothbrush portfolio with the launches of Super Flexi Salt and Zig Zag Turmeric.

To make brushing an exciting and interactive learning experience and to help kids develop right oral care habits, we have launched Colgate Magik, a first of its kind augmented reality toothbrush that completely transforms toothbrushing time into a fun adventure.

We continue to focus our efforts on providing our consumers with a future they can smile about with their health and well-being at the core. We are thankful to our customers, business partners and employees for their continued support."

Shares of COLGATE-PALMOLIVE (INDIA) LTD. was last trading in BSE at Rs.1547.15 as compared to the previous close of Rs. 1525.95. The total number of shares traded during the day was 35843 in over 2526 trades.

The stock hit an intraday high of Rs. 1553.55 and intraday low of 1515. The net turnover during the day was Rs. 55360378.

Source : Equity Bulls

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