FMCG major Colgate-Palmolive India Ltd on Tuesday reported a 2.22 per cent decline in its net profit to Rs 322.78 crore for the third quarter ended December 2024 on account of soft demand in the urban market and a high base of the previous year. It had posted a net profit of Rs 330.11 crore in the October-December quarter a year ago, according to a regulatory filing from the oral hygiene product maker Colgate-Palmolive India Ltd (CPIL). Its sales were up 4.74 per cent to Rs 1,452.21 crore during the quarter under review compared to Rs 1,386.41 crore in the corresponding period a year ago. "Gross margin & EBITDA margin show sequential improvement over the previous quarter, while down from last year's high base," said CPIL in its earning statement. Total expenses of CPIL in the December quarter were up 8.2 per cent to Rs 1,049.72 crore. CPIL's total income, including other income, was Rs 1,482.24 crore, up 4.86 per cent in the December quarter. Commenting on the results, MD & ...
The upcoming Union Budget is the near-term catalyst, where central government actions to revive consumption cycle would be key.
Thus far in the calendar year 2024, the FMCG index was up 1.4 per cent, as against 13.5 per cent rally in BSE Sensex.
The company's focus on driving premiumisation in oral care and building the personal care portfolio could drive long-term performance, says the brokerage
Asian Paints, Aurobindo Pharma, AIA Engineering, Delhivery and Colgate-Palmolive stocks were trading in oversold zone, the daily chart shows. Here are the key levels to track.
Higher inflation and lower purchasing by consumers, it seems, has taken a bite out of consumption-related stocks at the bourses, with most counters losing ground in the last few months
FMCG major Colgate-Palmolive India Ltd on Thursday reported an increase of 16.17 per cent in its net profit at Rs 395.05 crore in the quarter ended September 2024, led by a broad-based growth across portfolios. The oral hygiene product maker had posted a net profit of Rs 340.05 crore in the July-September quarter a year ago, according to a regulatory filing by Colgate-Palmolive India Ltd (CPIL). Its sales were up 10.04 per cent to Rs 1,609.21 crore during the quarter under review. It was at Rs 1,462.38 crore in the corresponding period a year ago. Total expenses of CPIL in the latest September quarter were up 13.6 per cent year on year to Rs 1,695.09 crore. The company's total income, including other income, was Rs 1,164.64 crore, up 12.60 per cent annually. The profit growth of 16 per cent in Q2 FY25 also "includes one-off credit related to interest on income tax refunds received during the quarter", said CPIL in its earnings statement "Advertising spend increased by 17.8 per ce
In the past one month, the FMCG index has tanked nearly 11 per cent, as against 6 per cent decline in the BSE Sensex.
BDL, Siemens and Colgate Palmolive among 5 stocks that look favourably placed on the technical charts for short-term gains; check key support, resistance levels here.
Derivatives market update for Sept 30: FIIs long-short ratio in index futures jumped to 4.4:1; implying more than 4 long positions in index futures for every bet on the short side.
Strong Q1 earnings, revival in FMCG sector has propelled Colgate-Palmolive stocks; Technical charts suggests that the bias shall remain favourable as long as the stock holds Rs 3,500.
According to Nielsen, the consumer sector grew 4% Y-o-Y in Q1FY25, down from 6.6% in Q4FY24. Pricing saw a marginal increase of approximately 0.2 per cent, while volumes rose 3.8% Y-o-Y.