Manish Anandani will take over as managing director and chief executive officer of Colgate-Palmolive India from September 28
Anandani was most recently managing director for India and South Asia at Kenvue, which was spun off from pharma giant Johnson & Johnson's consumer business and listed in 2023
Jefferies noted that the company's premium portfolio is growing 6 times faster than the overall portfolio, with revenue share now at 2.5 times versus CY21.
Colgate-Palmolive India Ltd (CPIL) on Thursday reported 7 per cent rise in net profit at Rs 343.08 crore for June quarter FY27 helped by volume growth from toothpaste portfolio and expansion in margins. In the year-ago period, the profit was Rs 320.62 crore, according to a regulatory filing from the oral hygiene product maker. Sales were up 12 per cent to Rs 1,590.56 crore in the June quarter of FY27.Total expenses were up 13.8 per cent to Rs 1,160.57 crore. Total income, including other income, was Rs 1,626.10 crore, up 12 per cent year-on-year. MD & CEO Prabha Narasimhan said there was a continued growth momentum across the entire portfolio. "Our toothpaste portfolio achieved robust, high-single-digit volume growth, driven by stellar performance in premium toothpaste, alongside a sustained growth in our core portfolio," she said. CPIL continued to maintain a healthy margin profile led by cost savings and strict financial discipline. Gross margin reached 69.7 per cent in Q1 FY27
Colgate-Palmolive India will sharpen leadership, improve operational efficiency and expand digital capabilities as it targets sustainable growth and wider market reach by 2030
n the March quarter, Colgate Palmolive reported flat year-on-year (Y-o-Y) consolidated net profit for the March quarter (Q4FY26) to ₹353.3 crore, from ₹355 crore a year ago
Colgate-Palmolive India reports largely flat Q4 net profit due to GST-related charges and restructuring costs, while revenue rises 9.1 per cent year-on-year
Q4FY26 company results: Firms including Hindalco Industries, Fortis Healthcare, Torrent Pharmaceuticals, Info Edge (India), and TTK Prestige are also to release their January-March earnings today
Brokerages Emkay Global, and ICICI Securities have maintained their Sell ratings on the stock, citing persistent volume pressure, structural challenges in the core oral care category
Colgate Palmolive India's December-quarter profit remained unchanged as costs from new labour codes and GST-related charges offset modest revenue growth
Analysts largely agree that the toothpaste major's volumes and revenue were hit by a 'double whammy' of GST rate cuts and intensifying competition, with limited signs of a near-term recovery.
The oral care major saw its revenue fall to ₹1,507.2 crore, down 6.3 per cent compared to the same period last year.
Colgate's board approved an interim dividend of ₹24 per share, with a record date of November 3 and payment to be made on November 19
Q2FY26 company results: Many firms including PTC India Financial Services, Tata Teleservices, Jumbo Bag and Vardhman Textiles are also to release their July-September quarter earnings reports today
Colgate's prospects remain supported by its core toothpaste brands and premiumisation strategy through science-backed innovations, with valuations appearing fair at 42x FY27 earnings
Technical charts show that FMCG shares - ITC, HUL, Nestle India, Colgate-Palmolive and Marico were trading near key support levels; a downside breakout can trigger a fall up to 13% from here.
The GST Council has the rates on several staple and essential categories from 18 per cent to 5 per cent
Nifty FMCG rose 2.66 per cent in early deals after the Goods and Services Tax (GST) Council, chaired by Finance Minister Nirmala Sitharaman on Wednesday, simplified the GST structure
The FMCG index climbed up to 1.7 per cent before easing to trade 1.2 per cent higher at 9:50 AM, while the Nifty50 slipped 0.04 per cent
Sentiment for the stock, which has shed 15 per cent over the past three months, continues to remain bearish given the weak demand outlook