Colgate-Palmolive inches up amid volatility after Q4 results

Colgate-Palmolive (India) rose 0.19% to Rs 2,079.60 at 14:16 IST on BSE after net profit rose 24% to Rs 163.60 crore on 11% growth in net sales to Rs 1022.20 crore in Q4 March 2015 over Q4 March 2014.

The Q4 result was announced during market hours today, 19 May 2015.

Meanwhile, the S&P BSE Sensex was up 45.69 points or 0.17% at 27,726.77.

On BSE, so far 74,000 shares were traded in the counter as against average daily volume of 14,915 shares in the past one quarter.

The stock was volatile. The stock rose as much as 1.65% at the day's high of Rs 2,110 so far during the day. The stock fell as much as 0.7% at the day's low of Rs 2,061 so far during the day. The stock had hit a 52-week low of Rs 1,325 on 23 May 2014. The stock had hit a record high of Rs 2,198.50 on 15 April 2015.

The stock had outperformed the market over the past one month till 18 May 2015, sliding 0.07% compared with Sensex's 2.65% fall. The scrip had also outperformed the market in past one quarter, jumping 8.03% as against Sensex's 5.57% fall.

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

Colgate-Palmolive (India) said that it has posted a robust volume growth of 5% both for Q4 March 2015 and for the full year in Toothpaste and continued to enhance its leadership position in Toothpaste category by registering a volume market share of 57.8% for the period January-April 2015, an increase of 70 basis points over the same period of the previous year. The flagship brands Colgate Dental Cream, Active Salt, Max Fresh and Visible White have contributed to this growth, the company said. Colgate-Palmolive (India) further maintained its leadership position in the Toothbrush category by registering a volume market share of 42.1% in period January-April 2015.

On 29 April 2015, the company announced a voluntary retirement scheme (VRS) for the employees at the toothpowder manufacturing facility at Waluj, Aurangabad, Maharashtra. The scheme was accepted on 4 May 2015 by all affected employees, Colgate-Palmolive (India) said in a statement. Since all workmen accepted the offer under the said scheme, the toothpowder manufacturing operations at the Aurangabad factory have been discontinued effective 5 May 2015, it added.

Colgate-Palmolive (India) said that the discontinuation of operations at the above facility will not impact the company's toothpowder business as the company has sufficient inventory and alternative sourcing arrangement to cater to the market demand.

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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