Share price of Colgate-Palmolive falls as Sensex drops 61.5 points

The share price of Colgate-Palmolive (India) Ltd. dropped 0.78 per cent to Rs 2111.95 at 12:07PM (IST) in Friday's trade. The stock has hit a high of Rs 2127.0 and low of Rs 2107.15 so far during the session. The stock had closed at Rs 2128.65 in the previous session.

The counter has had a total traded volume of 2511 shares so far with a value of Rs 0.54 crore on the NSE. It traded at a price-to-earnings multiple of 48.85 and a price-to-book ratio of 23.88.

A higher P/E 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 32.28 per cent during the past one year, while the 30-share index advanced 12.4 per cent during the same period.

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

Promotor/FII Holding
Promoters held 0.0 per cent stake in the company as of 30-Sep-2023, while overseas investors and domestic institutional investors ownership stood at 24.08 per cent and 2.36 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 1492.1 crore for the quarter ended 30-Sep-2023, up 11.46 per cent from the previous quarter's Rs 1338.64 crore and up 6.67 per cent from the year-ago quarter's Rs 1398.76 crore.

Profit for the latest quarter stood at Rs 340.05 crore, up 22.31 per cent from the same quarter a year ago.