Gross margin expanded by 301 bps and 148 bps over previous quarter, reflecting the price hikes taken during April-June.
While Colgate has the Vedshakti brand in the naturals segment, experts say the product has not helped stem market share loss for the oral care major
Consumers won't stop brushing their teeth, but they will look for cheaper ways to do so.
Shares of Colgate-Palmolive India closed trade at Rs 1,596 apiece on the BSE on Monday, up 1.84 per cent over the previous day's close
The firm reported a 24.74 per cent increase in net profit at Rs 248.36 crore in the third quarter ended in December
Focus on modern trade and market share gains has led brokerages to hike their target price estimate for the stock
Firm has seen share of its e-commerce sales within domestic FMCG business rise to 8% from 5% in one year, thanks to the restricted lifestyle of people
Some recent reports by brokerages indicate an improvement in the company's market share, led by volume recovery
Net sales increased 4.1% only to Rs 1,136.02 crore versus Rs 1091.63 crore last year
The company reported a net sales growth of 4.1% despite category headwinds in both rural and urban
Net profit after tax for the quarter grew 3.6 per cent to Rs 199 crore, as against a profit of Rs 192 crore in the year-ago quarter.
In the past two months, post its June quarter (Q1FY20) results, Colgate Palmolive has outperformed the market by surging 17 per cent, as against a 5 per cent decline in the benchmark S&P BSE Sensex
Strong and focused efforts in the market resulted in a consistent topline growth driven by a healthy volume increase, says CPIL managing director
Total expenses were at Rs 8.78 bn as against Rs 8.23 bn in the year-ago period, up 6.69%
Colgate-Palmolive India seems to have weathered the storm arising from rising popularity of peers, mainly Patanjali Ayurved. As feared earlier, it has not lost significant market share to competition. While demonetisation (note ban) had shifted some focus away from its naturals offering, Cibaca Vedshakti, experts believe this product will only aid Colgate in safeguarding its market share in an increasingly competitive toothpastes' category."While competition is not new to Colgate, we argue that No 2 (Hindustan Unilever) or No 3 (Dabur) market share companies are more at risk from rising competition," says Nitin Mathur, analyst at Jefferies. Colgate's strong lead over peers also provides comfort. In 2016, Colgate's market share stood at 55.4 per cent, much ahead of the next two peers that have market shares of about 20 per cent and 16 per cent. Colgate's market share has ranged 55-56 in the four quarters of 2016. Globally as well, Colgate has demonstrated its ability to protect its ...