Colgate's incoming CEO has been with the company since 1987 and held several positions, most recently as its chief operating officer
The Vedshakti brand, launched by Colgate in India, has now been taken to Thailand
Company raises Series-A investment from Colgate and existing investor Fireside Ventures
Already a fifth of the nearly Rs 80-billion toothpaste market in India (around Rs 15 billion) is herbal with the segment estimated to become a fourth (or Rs 20 billion) in the next few years
Colgate's raw material costs as a percentage of sales dropped to 34.6 of its net sales in Q4 from 37.5 in the year-ago quarter
Having been on the receiving end of the market share battle in the oral care segment over the last two years and subsequent underperformance of its stock on the bourses, brokerages are turning positive on Colgate as the company is implementing strategies to win back market share. Among measures the company has adopted are distribution expansion, strengthening of its naturals portfolio and new product category introductions to improve overall revenues.On the distribution front, the company is planning to increase its direct reach by 15 per cent in the countryside over the next one year to benefit from the uptick in the rural economy. In addition to this, the wholesale channel, which accounts for half of the distribution mix for the company, is stabilising after facing significant disruption during transition to the goods and services tax (GST) regime. This had impacted sales of its stronger brands earlier.Normalising of trade coupled with distribution and marketing initiatives are ...
While toothphate market share has stabilised, there is hope of a better show in the naturals portfolio where the company has been a late entrant
Colgate Palmolive India stock was trading 1.15 per cent up at Rs 1,081.95 on BSE
Despite volume dip, cost rationalisation has aided net profit growth
The stock moved higher by 6% to Rs 1,099 on BSE
Net sales fell to Rs 981.6 crore, against Rs 1,073.4 crore in the corresponding period of the previous financial year
Despite stiff competition, the firm maintained its leadership position in the second quarter
Net sales increased to Rs 1,195 crore from Rs 1,088 crore in the quarter ended September 30, 2015
Shares of the company were trading 6.51% up at Rs 1,019.45 on BSE
Increases job cuts in its restructuring programme from its current 2,700-3,200 reductions
Thus far in 2016, the stock is down 17% as compared to 6% decline in the S&P BSE Sensex