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Colgate: Ad squeeze brings smile

Jan 31, 2003

Colgate Palmolive India (Colgate) continues with its strategy of bottomline growth led by operating efficiencies. but concerns over topline dip continue to haunt the oral care major. In December quarter, the company has reported an 8.5% dip in topline, but logged in a 33% growth in net profit.

(Rs m) 3QFY02 3QFY03 Change 9mFY02 9mFY03 Change
Net Sales (incl. Excise duty) 2,950 2,700 -8.5% 8,946 7,962 -11.0%
Other Income 35 45 28.6% 200 167 -16.5%
Expenditure 2,676 2,353 -12.1% 8,236 6,977 -15.3%
Operating Profit (EbDIT) 274 347 26.6% 710 985 38.7%
Operating Profit Margin (%) 9.3% 12.9% 7.9% 12.4%
Interest 1 1 0.0% 5 2 -60.0%
Depreciation 43 46 7.0% 125 150 20.0%
Profit before Tax 265 345 30.2% 780 1,000 28.2%
Tax 106 134 26.4% 298 411 37.9%
Profit after Tax 159 211 32.7% 482 589 22.2%
Net profit margin (%) 5.4% 7.8% 5.4% 7.4%
Effective tax rate (%) 40.0% 38.8% 38.2% 41.1%
No. of Shares (eoy) (m) 136.0 136.0 136.0 136.0
Diluted earnings per share* 4.7 6.2 4.7 5.8
P/E ratio 21.8 23.4
(* annualised)

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Sep 18, 2020 (Close)

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