Colgate-Palmolive drops amid volatility after Q3 earnings

Colgate-Palmolive (India) fell 0.38% to Rs 1,914.50 at 14:29 IST on BSE after net profit rose 16% to Rs 130.90 crore on 12% growth in net sales to Rs 988.60 crore in Q3 December 2014 over Q3 December 2013.

The Q3 result was announced during market hours today, 23 January 2015.

Meanwhile, the S&P BSE Sensex was up 256.93 points or 0.89% at 29,262.95.

On BSE, so far 31,000 shares were traded in the counter as against average daily volume of 19,824 shares in the past one quarter.

The stock was volatile. The stock fell as much as 1.91% at the day's low of Rs 1,885 so far during the day. The stock rose as much as 1.05% at the day's high of Rs 1,942 so far during the day. The stock had hit a 52-week low of Rs 1,280 on 30 January 2014. The stock had hit a record high of Rs 2,050 on 14 November 2014.

The stock had outperformed the market over the past one month till 22 January 2015, surging 8.05% compared with Sensex's 4.71% rise. The scrip had also outperformed the market in past one quarter, jumping 11.97% as against Sensex's 8.28% rise.

The large-cap company has equity capital of Rs 13.60 crore. Face value per share is Re 1.

Colgate-Palmolive (India) said it has posted a strong volume growth of 5% in Q3 December 2014 in Toothpaste category and continued to enhance its leadership position in Toothpaste category by registering a volume market share of 56.7% for the period January-December 2014, an increase of 80 basis points over the same period of the previous year. The flagship brands Colgate Dental Cream, Active Salt, Max Fresh and Colgate Total and Visible White have contributed to this growth, the company said in a statement.

Colgate-Palmolive (India) said it has further strengthened its leadership position in the Toothbrush category by registering a volume market share of 42.4% for January-December 2014, an increase of 80 basis points over the same period of the previous year.

Colgate-Palmolive (India) is India's leading provider of scientifically proven oral care products with multiple benefits at various price points.

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