The Company reported net profit after tax of Rs 395.1 crore in Q2 FY25 as compared to Rs 340.1 crore in Q2FY24, a growth of 16.2 per cent
With domestic revenues growing by 10.5 per cent, Colgate-Palmolive (India) reported 10 per cent year-on-year topline growth for the quarter ended 30 September 2024. The net sales increased to Rs 1,609.2 crore from Rs 1,462.4 crore. The Board of the company declared a first interim dividend of Rs.24/- per equity share of face value of Rs 1/- each for the Financial Year 2024-25.
The Company reported net profit after tax of Rs 395.1 crore in Q2FY25 as compared to Rs 340.1 crore in Q2FY24, a growth of 16.2 per cent. This includes one-off credit related to interest on income tax refunds received during the quarter. Advertising spend increased by 17.8 per cent in the current quarter as compared to the same period last year.
“We are pleased with the robust, consistent topline performance in a tough operating environment. This has been led by broad-based growth across portfolios. Toothpaste achieved high-single digit volume growth on the back of our core brands- Colgate Maxfresh and Colgate Strong Teeth. Toothbrush continued to grow at double digits with rapid premiumisation,” stated Prabha Narasimhan, Managing Director and Chief Executive Officer (CEO) of Colgate-Palmolive (India).
As per the company, the total dividend payout to the shareholders will be Rs 653 crore and will be paid on and from 21 November 2024 to those shareholders whose names appear in the Register of Members or Beneficial Owners of the Company as on 4 November 2024.
