Colgate-Palmolive Q4 net profit jumps 54 percent to Rs 315 crore

By

Maverick Martins

Published
May 18, 2021

FMCG major Colgate-Palmolive India witnessed a 54 percent jump in its net profit at Rs 315 crore ($43 million) for the fourth quarter ended March 2021, as against a net profit of Rs 204 crore it had posted in the corresponding period last year.
 

The company’s revenue for the quarter rose by 20 percent to Rs 1,275 crore, as against Rs 1,062 crore in the year-ago period.
 
For the full year, the company’s net profit rose 27 percent to Rs 1035 crore from previous fiscal’s Rs 816 crore, while its revenue grew by 7 percent to Rs 4810 crore as against last fiscal’s Rs 4488 crore.

Commenting on the results, Ram Raghavan, managing director at Colgate-Palmolive (India) Ltd, in a statement said: “We continue to have strong momentum across all categories. Our focused approach to executing our strategic initiatives has been instrumental in our continued abilities to sustain our growth momentum versus a year ago, as well as on a sequential basis.”
 
“Our strong discipline on driving efficiencies continues to hold us in good stead as we make strong progress across key financial metrics on the P&L, as seen in our EBITDA and NPAT growth,” he added.
 
Colgate-Palmolive India is one of the leading players in India’s personal care segment with a strong portfolio of brands in the grooming segment. It also owns a stake in men’s grooming firm Bombay Shaving Company.