Colgate-Palmolive (India) drops amid volatility after Q1 results

Colgate-Palmolive (India) lost 0.78% to Rs 1647.75 at 14:22 IST on BSE after net profit excluding exceptional item rose 4% to Rs 134.90 crore on 13% growth in net sales to Rs 950.60 crore in Q1 June 2014 over Q1 June 2013.

The Q1 result was announced during market hours today, 25 July 2014.

Meanwhile, the S&P BSE Sensex was down 140.47 points or 0.53% at 26,131.38.

On BSE, so far 23,000 shares were traded in the counter as against average daily volume of 14,209 shares in the past one quarter.

The stock was volatile. The stock rose as much as 2.24% at the day's high of Rs 1,698 so far during the day, which is a record high for the counter. The stock lost as much as 2.45% at the day's low of Rs 1,619.95 so far during the day. The stock had hit a 52-week low of Rs 1,190.05 on 28 August 2013.

The stock had outperformed the market over the past one month till 24 July 2014, surging 8.94% compared with the Sensex's 3.56% rise. The scrip had, however, underperformed the market in past one quarter, jumping 12.81% as against Sensex's 14.84% rise.

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

There was an exceptional gain in Q1 June 2013 relating to the slump sale of Global Shared Services Organisation to Colgate Global Business Services, a 100% subsidiary of Colgate-Palmolive Company.

Colgate-Palmolive (India) said it has posted strong volume growth of 5% for the quarter and continued to enhance its leadership position in Toothpaste category by registering a volume market share of 57% for the period January-June 2014, an increase of 110 basis points (bps) over the same period last year. The flagship brands "Colgate Dental Cream", "Active Salt", "Max Fresh" and "Colgate Total" along with the recently launched "Visible White" have contributed to this growth, the company said in a statement.

The company further strengthened its leadership position in the Toothpaste category by registering a volume market share of 42.6% for January-June 2014, an increase of 140 bps over the same period last year.

Colgate-Palmolive (India) is India's leading provider of scientifically proven oral care products with multiple benefits at various price points. The range includes toothpastes, toothpowder, toothbrushes and mouthwashes under the "Colgate" brand, as well as a specialized range of dental therapies under the banner of Colgate Oral Pharmaceuticals. These have become an essential part of daily oral hygiene and therapeutic oral care in India. The Company also provides a range of personal care products under the 'Palmolive' brand name.

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