April 25, 2024 23:07 (IST)
Colgate-Palmolive (India) reports net sales of Rs. 1,002.9 cr in 1Q 2015-16
Mumbai, July 30 (IBNS): Colgate-Palmolive (India) Limited on Thursday reported net sales of Rs. 1,002.9 crore for the first quarter of the financial year 2015-16.
The Organic growth of the Company stands at 8.8%, however due to the phasing out of fiscal benefits in the State of Himachal Pradesh which the company was entitled to impacted the revenue growth to give a reported growth of 5.5% over the same period of the previous year.
Net Profit After Tax is up 19.1% which excludes the impact of the phasing out of fiscal benefits and the restructuring cost related to toothpowder manufacturing facility at Aurangabad in Maharashtra.
Including the aforesaid impact the reported Net Profit After Tax at 114.3 crore is down -15.3% with Earnings Per Share of Rs. 8.40 for the reported quarter.
The company continued to enhance its leadership position in Toothpaste category by registering a volume market share of 57.9% in Jan-June 2015, an increase of 90 basis points over same period last year. The flagship brands “Colgate Dental Cream”, “Active Salt”, “Max Fresh” have majorly contributed to this growth.
The company further maintained its leadership position in the Toothbrush category by registering a volume market share of 42.7% in period Jan-June 2015.
Net Profit After Tax is up 19.1% which excludes the impact of the phasing out of fiscal benefits and the restructuring cost related to toothpowder manufacturing facility at Aurangabad in Maharashtra.
Including the aforesaid impact the reported Net Profit After Tax at 114.3 crore is down -15.3% with Earnings Per Share of Rs. 8.40 for the reported quarter.
The company continued to enhance its leadership position in Toothpaste category by registering a volume market share of 57.9% in Jan-June 2015, an increase of 90 basis points over same period last year. The flagship brands “Colgate Dental Cream”, “Active Salt”, “Max Fresh” have majorly contributed to this growth.
The company further maintained its leadership position in the Toothbrush category by registering a volume market share of 42.7% in period Jan-June 2015.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Vedanta Ltd Q4FY24 net profit drops 27% YoY to Rs 1,369 cr Thu, Apr 25 2024
Swiggy gets shareholders' nod for $ 1.2 billion IPO Thu, Apr 25 2024
HUL Q4FY24 profit drops 6% YoY to Rs 2,406 cr Thu, Apr 25 2024
Credit card spending grows 27% YoY to Rs 18.26 trillion in FY24: RBI Thu, Apr 25 2024
Mahindra Tractors crosses milestone by selling 40 lakh tractor units Thu, Apr 25 2024
DishTV India expects to touch 30 percent market share at the end of current financial year, says CEO Manoj Dobhal Thu, Apr 25 2024
DCB Bank Q4FY24: PAT grows YoY 9% to Rs 156 cr Wed, Apr 24 2024