Colgate-Palmolive Q4 net profit jumps 54% to Rs315cr

Reported net profit after tax for the year was Rs1,035.4cr, an increase of 26.8% over the previous year.

May 17, 2021 04:05 IST India Infoline News Service

Colgate-Palmolive (India) Limited on Monday has reported Net Sales growth of 20% over the same quarter of previous year aggregating to Rs1,275.0cr for the quarter ended March 31, 2021.

Domestic net sales for the quarter reported a strong momentum of 20.2% growth. Reported Net profit after tax for the quarter was Rs314.6cr as against the Net Profit of Rs204.1cr for the same quarter of the previous year, a growth of 54.1%

FY 2020-21: Net Sales for the year ended March 31, 2021 was recorded at Rs4,810.5cr, an increase of 7.2% over the same period of the previous year. Reported net profit after tax for the year was Rs1,035.4cr, an increase of 26.8% overthe previous year.

Ram Raghavan, Managing Director at Colgate-Palmolive (India) Ltd, said, "we continue to have strong momentum across all categories. Our focused approach to executing our strategic initiatives has been instrumental in our continued abilities to sustain our growth momentum vs year ago as well as on a sequential basis.

Our strong discipline on driving efficiencies continue to hold us in good stead as we make strong progress across key financial metrics on the P&L, as seen in our EBITDA and NPAT growth.

We continue to amplify our innovation focus. With recent launches like Colgate Toothpaste for Diabetics, Colgate Vedshakti Spray and Oil Pulling, we continue to define oral health in our country. Other initiatives across our portfolio include the launch of Colgate Magik, the first augmented reality toothbrush that makes brushing fun.

I would like to take the opportunity to thank everyone of our employees, business partners and customers fortheir continued support in these challenging times."

Colgate-Palmolive (India) ended at Rs1,596 apiece up by Rs28.8 or 1.84% from its previous closing of Rs1,567.20 apiece on the BSE.

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