Colgate-Palmolive (India) slips after Q4 net profit declines

The result was announced during trading hours today, 28 May 2013.

Meanwhile, the S&P BSE Sensex was up 129.49 points, or 0.65%, to 20,160.26.

On BSE, 67,000 shares were traded in the counter as against an average daily volume of 14,954 shares in the past one quarter.

The stock hit a high of Rs 1,512 and a low of Rs 1,438.30 so far during the day. The stock had hit a record high of Rs 1,580.40 on 1 January 2013. The stock had hit a 52-week low of Rs 1,098 on 21 June 2012.

The stock had outperformed the market over the past one month till 27 May 2013, rising 6.88% compared with the Sensex's 3.86% rise. The scrip had also outperformed the market in past one quarter, gaining 14.72% as against Sensex's 4.59% rise.

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

Colgate-Palmolive (India)'s net profit rose 11.25% to Rs 496.70 crore on 18% increase in net sales to Rs 3084.10 crore in the year ended March 2013 over the year ended March 2012.

During the quarter, the company achieved a volume growth of 12% and enhanced its leadership position in the toothpaste category to 55.4% volume market share (January-April 2013), an increase of 130 basis points over the same period of the previous year, Colgate-Palmolive (India) said in a statement.

Toothpaste achieved a volume growth of 11%, contributed by its flagship brands Colgate Dental Cream, Active Salt, MaxFresh and Colgate Total.

The company said it continued its leadership position in the toothbrush category by registering a sustantial increase in the volume market share to 41.5% (January-April 2013) from 37.7% (January-April 2012).

The company continues its focus in the emerging mouthwash category, with a volume market share of 26.5% (January-April 2013), up from 26.2% (January-April 2012).

The company said in a statement that in a inflationary environment, its continuing efforts and focussed programs to enhance efficiencies and reduce costs continue to yield strong, positive results helping to maintain margin and fund investments in building and strenghtening brand equity and the business.

Colgate-Palmolive (India) is India's leading provider of 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. The company also provides a range of personal care products under the 'Palmolive' brand name.

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