Q4FY21 Result Update - Colgate-Palmolive (India) - ICICI Direct

Colgate reported strong results with 19.8% revenue growth largely led by volumes. Though a low base quarter resulted in strong growth in Q4, we believe continued healthy traction in rural regions also contributed to strong numbers. New products like Colgate toothpaste for diabetics, Vedshakti Spray & Oil are witnessing strong growth, specifically in chemist & e-commerce channels. Toothpaste category remained insulated from pandemic but toothbrush category growth was adversely impacted given discretionary nature of the product. Gross margins expanded 301 bps mainly due to benign prices of calcium carbonate & Sorbitol. The company saved 126 bps in employee spends, 291 bps in marketing spends & 114 bps in other overhead in Q4. Operating profit grew 60.4% to Rs. 421.8 crore. Operating margins expanded 833 bps to 32.9%. Led by higher operating profit, PAT grew 54.1% to Rs. 314.7 crore.

For details, click on the link below: Link to the report

Shares of COLGATE-PALMOLIVE (INDIA) LTD. was last trading in BSE at Rs.1579 as compared to the previous close of Rs. 1596. The total number of shares traded during the day was 40647 in over 2969 trades.

The stock hit an intraday high of Rs. 1624.3 and intraday low of 1566.15. The net turnover during the day was Rs. 64261500.

Source : Equity Bulls

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