Share price of Colgate-Palmolive jumps as Sensex drops 92.45 points

Share price of Colgate-Palmolive (India) Ltd. gained 1.16 per cent to Rs 2002.8 at 10:31AM (IST) in Monday's trade. The stock hit a high of Rs 2009.7 and low of Rs 1986.05 so far during the session. The stock had closed at Rs 1979.75 in the previous session.

The counter had a total traded volume of 10:31AM shares so far with a turnover of Rs 6908.0 crore on BSE. The stock traded at a price-to-earnings multiple of 49.08 and a price-to-book ratio of 23.88.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Colgate-Palmolive (India) Ltd. belongs to the Personal Care industry.

Promotor/FII Holding
Promoters held 51.0 per cent stake in the company as of 30-Jun-2023, while overseas investors and domestic institutional investors ownership stood at 21.8 per cent and 7.19 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 1338.64 crore for the quarter ended 30-Jun-2023, down 2.36 per cent from the previous quarter's Rs 1370.98 crore and down 10.78 per cent from the year-ago quarter's Rs 1208.35 crore.

Its profit for the latest quarter stood at Rs 273.68 crore, up 30.53 per cent from the same quarter a year ago.