Colgate-Palmolive (India) Ltd Q3FY17
Standalone Results Q3FY17: (Rs. in crore)
|EBITDA Margin (%)||21.6|||
|Net Profit (adjusted)||128|||
Consolidated EPS for the quarter stood at Rs. 5.78.
Colgate-Palmolive Ltd posted a revenue decline of 8.4% yoy in 3QFY17 in line with estimates and 22% net profit decline to Rs 128 Cr missing estimates of Rs 152 Cr.
Colgate-Palmolive Ltd posted a revenue decline of 8.4% yoy in 3QFY17 due to lower volumes and impact of demonetisation.
Operational costs were lower with 26% decline in ad spends to Rs 84 Cr but stood higher than estimates. As a result, EBITDA declined 10% yoy to Rs 214 Cr missing estimates by 5%. EBITDA margin contracted 41 bps yoy to 21.6%.
Net profit declined 22% yoy to Rs 128 Cr missing estimates of Rs 128 Cr. This was supported by lower taxes (15% decline yoy) and 14% yoy rise in other income to Rs 11 Cr.
Colgate-Palmolive (India) Ltd is currently trading at Rs. 880, down by 18.1 points or 2.02% from its previous closing of Rs. 898.1 on the BSE.
The scrip opened at Rs. 924 and has touched a high and low of Rs. 924 and Rs. 878.25 respectively. So far 543303(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.