Colgate-Palmolive (India) Ltd. reported its results for the June quarter on Tuesday, July 22, which were a miss on all estimates and were also a miss on a year-on-year basis.Revenue for the quarter stood at ₹1,434 crore, which was lower than the CNBC-TV18 poll of ₹1,490 crore. On a year-on-year basis, the topline for Colgate-Palmolive was down 4.2%.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter declined 11% year-on-year to ₹453 crore. A CNBC-TV18 poll was working with a number of ₹495 crore.
EBITDA margin narrowed by 240 bps from the year-ago quarter to 31.6%. The number is also lower than the CNBC-TV18 poll estimate of 33.2%. Gross margins for the quarter also narrowed to 68.9% from 70.6% on a year-on-year basis.Net profit for the period fell 12% from last year to ₹321 crore, which is marginally lower than the estimate of ₹353 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter declined 11% year-on-year to ₹453 crore. A CNBC-TV18 poll was working with a number of ₹495 crore.
EBITDA margin narrowed by 240 bps from the year-ago quarter to 31.6%. The number is also lower than the CNBC-TV18 poll estimate of 33.2%. Gross margins for the quarter also narrowed to 68.9% from 70.6% on a year-on-year basis.Net profit for the period fell 12% from last year to ₹321 crore, which is marginally lower than the estimate of ₹353 crore.
In its post-earnings statement, the company highlighted that the June quarter results reflect the persistent headwinds from tough operating conditions, subdued urban demand and elevated competitive intensity.
While numbers appeared sluggish, the premium portfolio did well for the company. The management also said that it expects to navigate the current challenges and anticipates a gradual recovery in the second half of the current financial year.
Shares of Colgate-Palmolive India recovered from the lows of the day, but still trade below the flat line at ₹2,388.5. The stock is down 12% so far in 2025.
