Colgate-Palmolive Q3 Net Profit up 1.5 per cent, reaches Rs. 112.8 crore

Colgate-Palmolive (India) which is India's leading provider of scientifically proven oral care products registered net sales of Rs. 884 crore in Q3FY14 as compared to Rs. 763 crore in the corresponding quarter of the previous year, showing a growth of 16 per cent. On account of sharp jump in advertising expenses by 22 per cent and also a rise in other expenses by 32.4 percent, the total expenses of the company came in at Rs. 752.63 crore in the current quarter as against Rs. 645 crore in the same quarter last year. Consequently, the net profit for the current quarter reached Rs. 112.8 crore as against Rs. 111.05 crore in the previous year, showing a growth of 1.6 per cent with Earnings Per Share (EPS) of Rs. 8.30

For the nine-month period ended, the net sales of the company showed a jump of 15 per cent to Rs. 2624.29 crore as compared to Rs. 2272.53 crore last year. The total expenses for the period came in at Rs. 2224.84 crore. The Net Profit was registered at Rs. 407.57 crore with Earnings Per Share of Rs. 29.97, an increase of 9 per cent over the same period of the previous year.

During the quarter, the Company achieved a volume growth of 10 per cent over the same quarter of the previous year led by a strong growth of 11 per cent in toothpaste category wherein the Company  further enhanced its leadership position by registering a 56 per cent volume market share for Jan’13-Dec’13 compared to 54.5 per cent in Jan’12-Dec’12. The flagship brands “Colgate Dental Cream”, “Active Salt”, “Max Fresh” and “Colgate Total” along with the recently launched “Visible White” have contributed to this growth.

The Company further strengthened its leadership position in the Toothbrush category by registering a volume market share of 41.5 per cent for Jan’13-Dec’13 as against 39.8 per cent in Jan’12-Dec’12.