Colgate Palmolive reported a healthy 19.78% yoy growth in consolidated sales revenues for the Mar-21 quarter at Rs1,283.19cr. Colgate has expanded its shelf offerings with new products like toothpaste for diabetics, Colgate Vedshakti Spray and Oil Pulling. It also launched Colgate Magik, the first augmented reality toothbrush.
For the Mar-21 quarter, the consolidated operating profits were up by 73.65% at Rs376.30cr. The operating profit growth principally came from the healthy 310 bps growth in gross margins reported by the company to 67.5%. The operating profit margin expanded from 20.23% in Mar-20 quarter to 29.33% in Mar-21 quarter.
The consolidated Profit after tax (PAT) for the Mar-21 quarter was up by 54.13% at Rs314.66cr. The growth in profits could have been still better but for higher tax outflow in the Mar-21 quarter. Net margins improved from 19.06% to 24.52% in the Mar-21 quarter. Operating and net profits for Mar-21 were up yoy basis as well as sequentially.
For FY21, Colgate saw 7.2% growth in sales to Rs4,811cr. Colgate also paid out dividends of Rs.38 per share for FY21.
Financial highlights for Mar-21 compared yoy and sequentially
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Colgate Palmolive |
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Rs in Crore |
Mar-21 |
Mar-20 |
YOY |
Dec-20 |
QOQ |
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Total Income (Rs cr) |
₹ 1,283.19 |
₹ 1,071.26 |
19.78% |
₹ 1,231.93 |
4.16% |
|
Operating Profits (Rs cr) |
₹ 376.30 |
₹ 216.70 |
73.65% |
₹ 325.05 |
15.77% |
|
Net Profit (Rs cr) |
₹ 314.66 |
₹ 204.15 |
54.13% |
₹ 248.36 |
26.70% |
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Diluted EPS (Rs) |
₹ 11.57 |
₹ 7.51 |
|
₹ 9.13 |
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Operating Margins |
29.33% |
20.23% |
|
26.39% |
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Net Margins |
24.52% |
19.06% |
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20.16% |
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