COLGATE Announces Quarterly Results (3QFY21); Net Profit Up 24.7%

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COLGATE Announces Quarterly Results (3QFY21); Net Profit Up 24.7%
Fri, 29 Jan

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

COLGATE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m11,47212,85512,319-4.2%7.4%
Other incomeRs m58769930.5%70.3%
TurnoverRs m11,53012,93112,418-4.0%7.7%
ExpensesRs m8,3118,7628,613-1.7%3.6%
Gross profitRs m3,1614,0933,706-9.5%17.3%
DepreciationRs m515461456-1.2%-11.5%
InterestRs m2918193.8%-35.3%
Profit before taxRs m2,6743,6893,330-9.7%24.5%
TaxRs m683947847-10.6%23.9%
Profit after taxRs m1,9912,7422,484-9.4%24.7%
Gross profit margin%27.631.830.1
Effective tax rate%25.625.725.4
Net profit margin%17.321.220.0
* 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 7.4% on a year-on-year (YoY) basis. The expenses were up by 3.6% YoY during the same period.
  • The company's operating profit increased by 17.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.1% in 3QFY21 as against 27.6% in 3QFY20.
  • Depreciation charges declined by 11.5% and finance costs declined by 35.3% YoY, respectively.
  • Other income increased by 70.3% YoY during the quarter.
  • Net profit for the quarter increased by 24.7% YoY. Net profit margins during the quarter increased from 17.3% in 3QFY20 to 20.0% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.7% QoQ during the same period.
  • The company's operating profit declined by 9.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.1% in 3QFY21 as against 31.8% in 2QFY20.
  • Net profit for the quarter declined by 9.4% QoQ, while net profit margins declined from 21.2% in 2QFY20 to 20.0% in 3QFY21.

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

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COLGATE Share Price Performance

Over the last one year, COLGATE share price has moved up from Rs 1,485.5 to Rs 1,618.9, registering a Gain of Rs 133.4 or around 9.0%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 12,356.7 (down 0.2%). Over the last one year it has moved up from 11,896.5 to 12,356.7, a gain of 460 points (up 3.9%).

Overall, the S&P BSE SENSEX is up 14.1% over the year.

Current Valuations

At the current price of Rs 1,618.9, the price to earnings (P/E) ratio of COLGATE stands at 47.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 30.4 times.

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

Oct 22, 2020 | Updated on Oct 22, 2020

For the quarter ended September 2020, COLGATE has posted a net profit of Rs 3 bn (up 12.3% YoY). Sales on the other hand came in at Rs 13 bn (up 6.0% YoY). Read on for a complete analysis of COLGATE's quarterly results.

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

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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.

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