Colgate Palmolive (India) Q4 2024 Results: PAT and Revenue up by 20% and 10% on a YOY basis

Synopsis:

Colgate-Palmolive (India) Limited announced its quarterly results for the period ending in March 2024 on 14th May. It reported a PAT of ₹379.82 cr for Q4 FY2024. Its total revenue for Q4 FY2024 increased by 10.33% on a YOY basis reaching ₹1512.66 cr.

Quarter result performance

The company’s total revenue for Q4 FY2024 increased by 10.33% on a YOY basis, reaching ₹ 1512.66 cr from ₹ 1370.98 cr in Q4 FY2023. The quarterly revenue is up by 7.01%. Colgate-Palmolive reported a PAT of ₹379.82 cr for Q4 FY2024 from ₹316.22 cr in Q4 FY2023, which is an improvement of 20.11%. On a quarterly basis, the PAT hiked by 15.06%. EBITDA for the quarter was ₹ 532 cr with an EBITDA margin of 35.70% in Q4 FY2023.

For the full financial year ending in March 2024, the PAT stood at ₹ 1323.66 cr compared to ₹1047.14 cr in FY 2023, up by 26.40%. For FY 2024, its total revenue stood at ₹ 5756.95 cr compared to ₹ 5279.77 cr in FY 2023, which is an increase of 9.03%.

Colgate-Palmolive declared ₹ 26 per equity share as the second interim dividend along with ₹ 10 per equity share as a special dividend for FY2024. The total dividend payout will be ₹ 979.20 cr which will be credited to investors after 7th June 2024. For FY2024, the total dividend stood at ₹ 58 per equity share.

Commenting on the performance Prabha Narasimhan, Managing Director & CEO of Colgate-Palmolive (India) said, “ "At the end of the last quarter of FY 24 we are pleased with the all-round progress we have made on our strategic priorities. We have doubled down on driving our mission of better oral health for everyone in India with renewed focus on Brushing at Night, including an innovative, communication tie up with IPL and further expanded our flagship in school Oral Health programme - Colgate Bright Smiles, Bright Futures® which reached 5.2 Mn Children in the  year.  We have also continued to invest in superior, science backed oral care formulations, upgrading the product & packaging quality of 100% of our core portfolio.”

“In this quarter, our strong results of 10% top line growth and 20% profit growth have come on the back of continued commitment to strategic priorities. We have relaunched Colgate Active Salt with a more potent and efficacious formula and made our global no. 1 toothpaste Colgate Total available in an accessible 80g pack. This builds on the launch of Colgate Total Sensitive in the prior quarter and more variants from the global portfolio will follow in subsequent quarte₹ We also launched exotic, new variants in the Palmolive body wash portfolio with unique fragrances. From a geography lens, our rural business has grown faster than urban and we continue to see strong performance in Modern Trade and ECommerce platforms. Margin delivery has been driven by continued great execution on our world class Funding The Growth program and gains are consistently being reinvested to grow the business.” he added.

About Colgate-Palmolive (India) Limited

Colgate-Palmolive (India), part of the global consumer products company Colgate-Palmolive, reflects a strong commitment to caring, inclusivity, and courageous innovation. The company is a leader in the Oral Care products market in India.