COLGATE Announces Quarterly Results (1QFY21); Net Profit Up 17.2%

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COLGATE Announces Quarterly Results (1QFY21); Net Profit Up 17.2%
Wed, 26 Aug

COLGATE has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

COLGATE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m10,84910,71310,336-3.5%-4.7%
Other incomeRs m152196133-32.3%-12.3%
TurnoverRs m11,00010,90910,469-4.0%-4.8%
ExpensesRs m7,8518,0847,326-9.4%-6.7%
Gross profitRs m2,9982,6293,01014.5%0.4%
DepreciationRs m499462454-1.7%-9.0%
InterestRs m2320200.5%-13.9%
Profit before taxRs m2,6282,3442,66913.9%1.6%
TaxRs m937302687127.4%-26.7%
Profit after taxRs m1,6912,0421,982-2.9%17.2%
Gross profit margin%27.624.529.1
Effective tax rate%35.712.925.7
Net profit margin%15.418.718.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 4.7% on a year-on-year (YoY) basis. The expenses were down by 6.7% YoY during the same period.
  • The company's operating profit increased by 0.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.1% in 1QFY21 as against 27.6% in 1QFY20.
  • Depreciation charges declined by 9.0% and finance costs declined by 13.9% YoY, respectively.
  • Other income declined by 12.3% YoY during the quarter.
  • Net profit for the quarter increased by 17.2% YoY. Net profit margins during the quarter increased from 15.4% in 1QFY20 to 18.9% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 9.4% QoQ during the same period.
  • The company's operating profit increased by 14.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.1% in 1QFY21 as against 24.5% in 4QFY20.
  • Net profit for the quarter declined by 2.9% QoQ, while net profit margins increased from 18.7% in 4QFY20 to 18.9% in 1QFY21.

To see how COLGATE has performed over the last eight quarters,please visit here.

Know More: Is India's Economic Recovery Sustainable?

COLGATE Share Price Performance

Over the last one year,COLGATE share price has moved up from Rs 1,201.9 to Rs 1,414.6, registering a Gain of Rs 212.7 or around 17.7%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,641.3 (down 0.3%). Over the last one year it has moved up from 10,875.7 to 11,641.3, a gain of 766 points (up 7.0%).

Overall, the S&P BSE SENSEX is up 3.6% over the year.

Current Valuations

At the current price of Rs 1,414.6, the price to earnings (P/E) ratio of COLGATE stands at 45.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 26.6 times.

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