Colgate-Palmolive shares down 0.09% as Nifty gains

NEW DELHI: Shares of Colgate-Palmolive (India) Ltd. traded 0.09 per cent down in Tuesday's trade at 12:28PM (IST). Around 4,374 shares changed hands on the counter.

The counter opened at Rs 2607.0 and touched an intraday high and low of Rs 2618.95 and Rs 2581.7, respectively, in the session so far. The stock of Colgate-Palmolive (India) Ltd. quoted a 52-week high of Rs 2625.0 and a 52-week low of Rs 1478.85.

Total market cap of the Colgate-Palmolive (India) Ltd. stood at Rs 70690.43 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 1413.54 crore for the quarter ended 31-Dec-2023, down 5.27 per cent from previous quarter's Rs 1492.1 crore and down 8.59 per cent from the year-ago quarter's Rs 1301.68 crore.

The net profit for latest quarter stood at Rs 330.11 crore, up 35.71 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2023, domestic institutional investors held 2.82 per cent stake in the firm, while foreign institutional investors held 24.62 per cent and the promoters 51.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 56.1 and a price-to-book ratio of 23.88. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.