Colgate-Palmolive India Reports Strong Q2 Results with 22% Rise in Net Profit

Sun Pharma Q2 Results

October 25, 2023

New Delhi, India

Colgate-Palmolive India’s Q2 Success: A 22% Profit Boost

Revenue Growth and Operational Efficiency Drive Strong Performance

In a recent financial update, Colgate-Palmolive India has revealed impressive results for the second quarter of the fiscal year, reporting a 22% surge in net profit compared to the same period in the previous year. The company’s solid performance is attributed to multiple factors, including revenue growth, enhanced operational efficiency, and strategic initiatives.

Robust Financials

Colgate-Palmolive India’s net profit for Q2 reached Rs 340 crore, a substantial increase from the Rs 278.02 crore reported in the same quarter of the previous fiscal year. This exceeded the expectations of Bloomberg analysts. Total revenue for the quarter stood at Rs 1,462.38 crore, marking a 6.09% growth compared to the corresponding period in the preceding fiscal year. Profit before tax also climbed by 22.36% to Rs 457.81 crore, underscoring the company’s strong profitability.

Operational Efficiency

The company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margins continued to improve. They rose by 120 basis points on a sequential basis and an impressive 340 basis points year-on-year. This enhancement is attributed to effective pricing strategies and operational efficiencies.

Positive Earnings per Share (EPS)

Earnings per share (EPS) increased to Rs 12.50 in Q2 of the current fiscal year, up from Rs 10.22 in the September 2022 quarter. This growth in EPS demonstrates the company’s ability to generate returns for shareholders.

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Dividend Declaration

The company’s board declared a first interim dividend of Rs 22 per equity share for the financial year 2023-24, with a total payout of Rs 598.4 crore. Shareholders can anticipate this dividend, which will be distributed starting from November 21, 2023.

First Half Performance

In the first half of this fiscal year, Colgate-Palmolive India achieved an impressive 8.3% increase in net sales, reaching Rs 2,777.1 crore compared to Rs 2,564.9 crore in the same period the previous year. The net profit for the first half of the fiscal year also witnessed a significant rise of 25.8% to Rs 613.7 crore.

CEO’s Perspective

Prabha Narasimhan, the Managing Director & CEO of Colgate-Palmolive (India) Limited, expressed contentment with the company’s momentum and its focus on strengthening the brand portfolio while delivering superior products to consumers. Narasimhan highlighted successful product relaunches and the company’s emphasis on growth in the toothpaste segment, which saw higher single-digit growth.


Colgate-Palmolive India’s strong Q2 results reflect a well-executed strategy and the company’s commitment to enhancing its brand portfolio. The robust financials, operational efficiency, and dividend declaration demonstrate a positive outlook for the company and its shareholders.

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