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In the corresponding quarter of the previous fiscal, Colgate-Palmolive India posted a net profit of ₹330 crore, the company said in a regulatory filing. The CNBC-TV18 poll had predicted a profit of ₹337 crore for the quarter under review.
The company’s revenue from operations increased 4.7% to ₹1,461.8 crore as against ₹1,396 crore in the corresponding period of the preceding fiscal. The CNBC-TV18 poll had predicted revenue of ₹1,493 crore for the quarter under review.
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At the operating level, EBITDA declined 3% to ₹454.3 crore in the third quarter of this fiscal over ₹468.4 crore in the corresponding period in the previous fiscal. The CNBC-TV18 poll had predicted an EBITDA of ₹473 crore for the quarter under review.
EBITDA margin stood at 31% in the reporting quarter as compared to 33.6% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation. The CNBC-TV18 poll had predicted a margin of 31.7% for the quarter under review.
Colgate-Palmolive reported net sales of ₹1,452 crore for the quarter ended December 31, 2024, reflecting a year-on-year growth of 4.7%. For the nine months ended December 2024, the company achieved net sales of ₹4,547 crore, representing a 9.2% increase compared to ₹4,164 crore during the same period last year.
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In terms of profitability, the company reported sequential improvements in gross margin and EBITDA margin over the previous quarter, although both were lower than last year’s high base. However, for the nine-month period, net profit after tax rose by 14.6% year-on-year to ₹1,081.8 crore, compared to ₹943.8 crore in the previous year.
Prabha Narasimhan, Managing Director and CEO of Colgate-Palmolive (India) said, “This has been a quarter of relatively soft demand, particularly in the urban market. In these market conditions and a heightened competitive landscape, we delivered a resilient performance this quarter with Toothpaste reporting mid-single-digit intrinsic volume growth and continued competitive growth on toothbrushes.
We continue to see positive momentum in our premium portfolio, driven by science-backed innovations. Margin prole continues to remain healthy. While the near-term macro environment continues to look challenging, we are committed to driving growth through focus on a strategy that is working.”
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The results came after the close of the market hours. Shares of Colgate-Palmolive (India) Ltd ended at ₹2,674.35, down by ₹34.05, or 1.26% on the BSE.
