The company reported net sales of Rs 1,452 crore for the quarter ended 31 December 2024, a growth of 4.7 per cent year-on-year
Colgate-Palmolive India, a fast-moving consumer goods (FMCG) major has registered a 2.22 per cent Year-on-Year (YoY) decline in its net profit during the third quarter of the current financial year (Q3FY25). Amid a quarter of relatively soft demand and a heightened competitive landscape, The company posted a net profit of Rs 322.78 crore in Q3FY25, down from Rs 330.11 crore in Q3FY24.
The financial results of the company revealed a 4.86 per cent YoY jump in the total income during the quarter which increased to Rs 1,482.24 crore. The company reported net sales of Rs 1,452 crore for the quarter ended 31 December 2024, a growth of 4.7 per cent year-on-year.
“This has been a quarter of relatively soft demand, particularly in the urban market. In these market conditions and a heightened competitive landscape, we delivered a resilient performance this quarter with toothpaste reporting mid-single digit intrinsic volume growth and continued competitive growth on toothbrushes,” stated Prabha Narasimhan, Managing Director and Chief Executive Officer (CEO) of Colgate-Palmolive (India).
The total expenses of the company marked an uptick during the quarter on a YoY basis and rose to Rs 1,049.72 crore in Q3FY25. For the nine months, net profit after tax was at Rs 1,081.8 crore as compared to Rs 943.8 Crore, a growth of 14.6 per cent year-on-year, according to the company.
The company added that gross margin and earnings before interest, tax, depreciation and amortisation (EBITDA) margin show sequential improvement over the previous quarter, while down from the last year’s high base.
