Colgate Palmolive Q2FY23 PAT up 3.3% at Rs278 crore led by positioning of select oral brands

25 Oct 2022 , 11:40 AM

Colgate Palmolive Ltd reported 2.59% growth in total revenues for the September 2022 quarter on consolidated basis at Rs1,387.48cr.

Revenue growth was up 15.93% in sequential terms. The momentum was maintained in the current quarter with the festive season sales picking up.

While ecommerce channel is showing good traction, the rural sales have been the areas of concern as it has been hit by weak volumes and reduced purchasing power in rural areas.

This is largely due to the inflation effect. Colgate Max and Colgate Active Salt delivery traction.

Consolidated Profit after tax (PAT) for September 2022 quarter was up 3.29% at Rs278.02cr on the back of lower manpower costs in the quarter and better operating cost management.

Cash from operations in the first half is nearly 40% lower due to higher inventory lock-ins. PAT margins were strong at 20.04% in the Sep-22 quarter compared to 19.90% in the Sep-21 quarter and relatively better than 17.52% in June 2022 quarter.

Colgate has declared an interim dividend of Rs18 per share for which November 01st has been set as record date.

Financial highlights for Sep-22 compared yoy and sequentially

	Colgate Palmolive
Rs in Crore	Sep-22	Sep-21	YOY	Jun-22	QOQ
Total Income (Rs cr)	₹ 1,387.48	₹ 1,352.42	2.59%	₹ 1,196.81	15.93%
Net Profit (Rs cr)	₹ 278.02	₹ 269.17	3.29%	₹ 209.67	32.60%
Diluted EPS (Rs)	₹ 10.22	₹ 9.90		₹ 7.71
Net Margins	20.04%	19.90%		17.52%