New Delhi :Colgate-Palmolive India Ltd, a leading FMCG company, announced a 16.17 pc rise in its quarterly net profit to Rs 395.05 crore in September 2024, driven by growth in various product categories. According to a filing with regulators made by Colgate-Palmolive India Ltd (CPIL), the manufacturer of oral hygiene products had reported a net profit of Rs 340.05 crore in the July-September quarter last year. The company's revenue increased by 10.04 per cent to Rs 1,609.21 crore in the quarter being assessed. The amount was Rs 1,462.38 crore during the same period last year. In the most recent September quarter, CPIL's total expenses increased by 13.6 per cent compared to the previous year, reaching Rs 1,695.09 crore. The overall revenue of the company, which includes additional income, increased by 12.60 percent annually to reach Rs 1,164.64 crore.
According to CPIL's earnings statement, the 16 per cent profit growth in Q2 FY25 also incorporates a one-time credit linked to interest on income tax refunds received during the quarter. There was a 17.8 per cent increase in advertising expenditure during the current quarter (July-September) compared to the same period last year, with a stronger focus on developing both brand and category initiatives. Simultaneously, the company also raised its investment in providing products that are perceived as superior to consumers. Prabha Narasimhan, MD & CEO, noted that CPIL demonstrated steady revenue growth despite challenging conditions. "This was driven by widespread growth across various portfolios.
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"Toothpaste experienced a substantial increase in volume, primarily driven by our main brands - Colgate Maxfresh and Colgate Strong Teeth," she stated. Toothbrush sales continued to increase rapidly, growing at double digits due to a quick shift towards premium products. Narasimhan added that despite ongoing challenging market conditions, they are dedicated to utilizing their robust P&L to invest in superior products and advertising, with a continued focus on improving oral health for all in India. On Thursday, Colgate-Palmolive India Ltd shares on BSE were trading at Rs 3,211.20, marking a 3.69 per cent decrease.
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