COLGATE Announces Quarterly Results (2QFY21); Net Profit Up 12.3%

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Markets will remain closed on 30th November, 2020 on account of Guru Nanak Jayanti.

COLGATE Announces Quarterly Results (2QFY21); Net Profit Up 12.3%
Thu, 22 Oct

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

COLGATE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m12,13210,33612,85524.4%6.0%
Other incomeRs m17213376-43.1%-56.0%
TurnoverRs m12,30410,46912,93123.5%5.1%
ExpensesRs m8,9887,3268,76219.6%-2.5%
Gross profitRs m3,1443,0104,09336.0%30.2%
DepreciationRs m5044544611.6%-8.5%
InterestRs m242018-8.5%-24.5%
Profit before taxRs m2,7882,6693,68938.2%32.3%
TaxRs m34768794737.9%173.3%
Profit after taxRs m2,4411,9822,74238.4%12.3%
Gross profit margin%25.929.131.8
Effective tax rate%12.425.725.7
Net profit margin%19.818.921.2
* 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 grew 6.0% on a year-on-year (YoY) basis. The expenses were down by 2.5% YoY during the same period.
  • The company's operating profit increased by 30.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.8% in 2QFY21 as against 25.9% in 2QFY20.
  • Depreciation charges declined by 8.5% and finance costs declined by 24.5% YoY, respectively.
  • Other income declined by 56.0% YoY during the quarter.
  • Net profit for the quarter increased by 12.3% YoY. Net profit margins during the quarter increased from 19.8% in 2QFY20 to 21.2% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 24.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 19.6% QoQ during the same period.
  • The company's operating profit increased by 36.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.8% in 2QFY21 as against 29.1% in 1QFY20.
  • Net profit for the quarter increased by 38.4% QoQ, while net profit margins increased from 18.9% in 1QFY20 to 21.2% in 2QFY21.

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

Last 2 Days: Discover India's #1 Defence Stock

COLGATE Share Price Performance

Over the last one year, COLGATE share price has moved down from Rs 1,534.6 to Rs 1,425.6, registering a Loss of Rs 109.0 or around 7.1%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 10,983.4 (down 0.2%). Over the last one year it has moved down from 12,008.1 to 10,983.4, a gain of 1,025 points (down 8.5%).

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 1,425.6, the price to earnings (P/E) ratio of COLGATE stands at 44.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 26.8 times.

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Related Views on News

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

Aug 26, 2020 | Updated on Aug 26, 2020

For the quarter ended June 2020, COLGATE has posted a net profit of Rs 2 bn (up 17.2% YoY). Sales on the other hand came in at Rs 10 bn (down 4.7% YoY). Read on for a complete analysis of COLGATE's quarterly results.

COLGATE Announces Quarterly Results (4QFY20); Net Profit Up 3.3% (Quarterly Result Update)

May 27, 2020 | Updated on May 27, 2020

For the quarter ended March 2020, COLGATE has posted a net profit of Rs 2 bn (up 3.3% YoY). Sales on the other hand came in at Rs 11 bn (down 7.1% YoY). Read on for a complete analysis of COLGATE's quarterly results.

COLGATE 2018-19 Annual Report Analysis (Annual Result Update)

Sep 30, 2019 | Updated on Sep 30, 2019

Here's an analysis of the annual report of COLGATE for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of COLGATE. Also includes updates on the valuation of COLGATE.

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