Colgate-Palmolive - Q2FY21 Result - Angel Broking

Mr. Keshav Lahoti - Associate Equity Analyst, Angel Broking Ltd

"For Q2FY21, Colgate-Palmolive net sales grew by 5.3% YoY to Rs. 1,277.6 crore. Domestic net sales for the quarter reported 7.1% growth. All categories saw positive growth this quarter with toothpaste continuing its accelerated performance, driven by strong brand fundamentals and household penetration. Due to cost control management, Company's gross margins and EBIDTA margins increased by 340 bps and 540 bps respectively. Reported net profit after tax for the quarter was Rs. 274.2 crore as against the net profit of Rs. 244.1 crore for the same quarter of the previous year up by 12.3%. Excluding the one time impact of tax rate change in the previous year, the net profit growth is 32%. Overall, the result beats street expectation. Company also declared an interim dividend of Rs. 18 per equity share."

Shares of COLGATE-PALMOLIVE (INDIA) LTD. was last trading in BSE at Rs.1425.35 as compared to the previous close of Rs. 1462.75. The total number of shares traded during the day was 68460 in over 5243 trades.

The stock hit an intraday high of Rs. 1479.3 and intraday low of 1407. The net turnover during the day was Rs. 98742348.

Source : Equity Bulls

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