Q1FY21 results: Colgate-Palmolive (India) net profit increases by 17.19 per cent YoY

Colgate-Palmolive (India) Ltd., a multinational consumer products company, announced its quarterly results on July 29, 2020. The company posted net profit of Rs 198.18 crore for June 2020 quarter, which increased by 17.19 per cent YoY, as compared to Q1FY20 when it reported Rs 169.11 crore.                                                                                                                                                 

The net revenue from operations reported in Q1FY21 came in at Rs 1,040.62 crore, which declined by 4.08 per cent YoY from Rs 1,084.86 crore in Q1FY20. At EBITDA level, the company stood at Rs 307.98 crore in Q1FY21 that increased by 2.73 per cent YoY. For Q1FY20, it posted an EBITDA of Rs 299.8 crore.                                                                                                                                                               

EBITDA margin as of Q1FY21 was at 29.6 per cent that increased by 1.97 per cent YoY. The net profit margin in Q1FY21 came in at 19.04 per cent, which increased by 3.45 per cent YoY. The net profit margin in Q1FY20 was at 15.59 per cent.

The toothpaste business registered positive sales growth for the quarter reflecting the strengthening brand attributes and portfolio performance. The toothbrush category, being discretionary in nature, impacted overall results.

After the result was announced, the stock surged 3.24 per cent. At around 2:04 pm the stock is trading at Rs 1,436.7 on BSE.