COLGATE PALMOLIVE LIMITED
Colgate Palmolive Ltd. Is a subsidiary company of Colgate which is an American multinational brand, headquartered in Park Avenue in Midtown Manhattan, New York City. It was incorporated in the year 1937. It specializes in the production, distribution and provision of household, health care, personal care and veterinary products. As of now, they have diversified their business portfolio by offering consumer products like: Toothpaste, Toothpowder, Toothbrushes, and mouthwashes under the ‘Colgate’ brand.
The company started with a vision of: “A caring, innovative growth company reimagining a healthier future for all people, their pets, and our planet”. Colgate is the only brand in the world purchased by more than half of all households and it has a market penetration of 67.7% and a global market share of 45%. Colgate Palmolive (India) at present has one of the widest distribution networks in India. It is currently traded on BSE and NSE in India. It has outperformed all of its major competitors like Dabur, Godrej and Marico in India also, by having a high Dividend yield%, better PE and PB ratio, and price comparison over the years. They The shareholding pattern of Colgate-Palmolive (India) Ltd. is as: FIIs (16.9% shares), Central Govt. (0.28% shares), Public (21.80% shares), DIIs (10.02% shares). On 22-03-2021, the company informed BSE that the Board of Directors have declared a second interim dividend of Rs.20 per equity share of Re.1 (face value) for the financial year 2020-21.
They have always focused on ‘Giving India reasons to smile’ and have worked towards continually improving quality of life of individuals through multiple programs like: “Bright smiles, bright futures”, “Oral health month”, “Making every drop of water count”, “Supporting Pratham for ‘Read India’ program” and many more. They have also taken steps towards building a healthier planet: Increasing Recyclability, Saving water, and decreasing waste, emissions at manufacturing centers.
For the quarter ending 31-03-2021, the FMCG major Colgate – Palmolive India has reported an increase in its total income and stands at Rs.1289.81 crore against Rs.1090.90 crore in the same period last year and their PAT has shown a huge increase and stands at Rs.317.91 crore against Rs.188.62 crore same time last year. Their EPS value has gone up by 26.72% in comparison with last quarter and stands at Rs.11.57 crore now. Current tax outgo during the quarter rose by 25.9% YoY to Rs.87.72 crore.
Commenting on the company’s results, they have shown a double-digit sales growth (10.1%) which proves they are striking the right balance between volume and pricing. The MD of the company in a statement said they will continue putting efforts to amplify efficiencies across operations to deliver strong gross margins, EBITDA and NPAT growth.
