Colgate-Palmolive (India) Q2 FY18 standalone net profit declines 2% yoy

India Infoline Research Team | October 16, 2017 15:19 IST

Colgate standalone revenue for the quarter came in at Rs 1084.9 crore, registering 9.8% yoy decline. This was due to changes in the treatment of indirect taxes post GST implementation.

Colgate-Palmolive (India) Ltd Q2FY18

Standalone Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 1,084.9 [9.8]
EBITDA 339.8 10.3
EBITDA Margin (%) 31.3 572
Net Profit (adjusted) 177.6 [2]
***EBITDA margin change is bps
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Last updated on

10-Oct-2017

Colgate Palmolive (India) Limited standalone revenue for the quarter came in at Rs. 1084.9 crore, registering 9.8% yoy decline. This was due to changes in the treatment of indirect taxes post GST implementation.

EBITDA for the quarter rose by 10.3% yoy to Rs. 339.8 crore with a corresponding margin expansion of 572 bps. EBITDA margin for the quarter stood at 31.3%. This margin expansion was aided by 8.3% yoy decline in purchase of stock in trade.

The PAT for the quarter came in at Rs. 177.6 crore, yoy decline of 2%.

In Q2FY18 company launched Colgate Swarna Vedshakti and Neo toothbrush in the market. Further, Company is optimistic on future growth with the demand pick up post GST implementation.

The board has declared the dividend of Rs.4 per share of Rs.1. The dividend pay out to shareholders will be Rs.130.9 crore and will be paid on 10th November 2017.

Technical View:

Colgate-Palmolive (India) Ltd is currently trading at Rs. 1,063.25, down by 28.7 points or 2.63% from its previous closing of Rs. 1,091.95 on the BSE.
The scrip opened at Rs. 1,098 and has touched a high and low of Rs. 1,115.60 and Rs. 1,062 respectively. So far 7,25,964(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.


***Note: This is a NSE Chart

 

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