Colgate-Palmolive India Limited reports earnings for Q2FY22

Q2 2021-22: Colgate-Palmolive (India) Limited today reported Net Sales growth of 5.2% over the same quarter of previous year aggregating to Rs. 1,344.0 crore for the quarter ended September 30, 2021. Reported Net profit after tax for the quarter was Rs. 269.2 crore as against the Net Profit of Rs. 274.2 crore forthe same quarter of the previous year.

H1 2021-22: Net Sales for the six months ended September 30, 2021 was recorded at Rs. 2,501.8 crore, an increase of 8.2% over the same period of the previous year. Net profit for the period was reported as 502.4 crore against the previous period net profit of Rs. 472.4 crore.

Mr. Ram Raghavan, Managing Director at Colgate-Palmolive (India) Ltd, said, "Our overall growth momentum across our brands / categories has shown a consistent trajectory with good recovery on volume growth trends quarter on quarter. Overall penetration trends remain strong and are seeing favourable trends quarter on quarter.

Our commitment to invest behind our brands and innovation remains a critical driver. We see continued strengthening of our brands and recent innovations like Colgate Toothpaste for Diabetics, Vedshakti Mouthspray and the entire Gentle range of toothbrushes continue to gain traction with consumers across platforms.

We continue to deploy engaging and new content to continue this trajectory. Our go-to-market approach continues to see the adoption of new business models and approaches as we look to bring our brands to life across platforms.

Shares of Colgate Palmolive (India) Limited was last trading in BSE at Rs. 1564.55 as compared to the previous close of Rs. 1594.25. The total number of shares traded during the day was 30092 in over 4496 trades.

The stock hit an intraday high of Rs. 1605.75 and intraday low of 1555.00. The net turnover during the day was Rs. 47414313.00.

Source : Equity Bulls

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ColgatePalmoliveIndia INE259A01022 COLPAL Q2FY22 H1FY22 ResultUpdate