For
the quarter ending March 2024, standalone Net sales (including other operating income) of Colgate-Palmolive (India) has increased 10.32% to Rs 1,490.01 crore compared to quarter ended March 2023. Operating profit margin has jumped from 33.46% to 35.72%, leading to 17.76% rise in operating profit to Rs 532.17 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 27.05% to 26.33%. Purchase of finished goods cost fell from 5.28% to 3.55%. Employee cost increased from 6.73% to 6.78%. Other expenses rose from 27.08% to 27.20%. Selling and administration expenses rose from 10.71% to 11.47%. Other income up 11.30% to Rs 22.65 crore. PBIDT rose 17.48% to Rs 554.82 crore. Provision for interest up 25.93% to Rs 1.36 crore. Loan funds rose to Rs 71.75 crore as of 31 March 2024 from Rs 68.96 crore as of 31 March 2023. Inventories declined from Rs 335.45 crore as of 31 March 2023 to Rs 296.41 crore as of 31 March 2024. Sundry debtors were higher at Rs 167.39 crore as of 31 March 2024 compared to Rs 157.37 crore as of 31 March 2023. Cash and bank balance rose to Rs 1,373.78 crore as of 31 March 2024 from Rs 923.00 crore as of 31 March 2023.
PBDT rose 17.47% to Rs 553.46 crore. Provision for depreciation down 2.34% to Rs 42.1 crore. Fixed assets declined from Rs 975.88 crore as of 31 March 2023 to Rs 904.35 crore as of 31 March 2024.
Profit before tax grew 19.46% to Rs 511.36 crore. Provision for tax was expense of Rs 131.54 crore, compared to Rs 109.97 crore. Effective tax rate was 25.72% compared to 25.80%.
Profit after tax rose 20.11% to Rs 379.82 crore.
Equity capital stood at Rs 27.20 crore as of 31 March 2024 to Rs 27.20 crore as of 31 March 2023. Per share face Value remained same at Rs 1.00.
Promoters’ stake was 51.00% as of 31 March 2024 ,compared to 51.00% as of 31 March 2023 .
Full year results analysis
Net sales (including other operating income) of Colgate-Palmolive (India) has increased 8.69% to Rs 5,680.43 crore. Operating profit margin has jumped from 29.60% to 33.46%, leading to 22.87% rise in operating profit to Rs 1,900.82 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 28.58% to 25.75%. Purchase of finished goods cost fell from 5.70% to 4.33%. Employee cost increased from 7.22% to 7.27%. Other expenses rose from 28.88% to 29.06%. Selling and administration expenses rose from 12.14% to 13.44%. Other income up 42.81% to Rs 76.52 crore. PBIDT rose 23.54% to Rs 1977.34 crore. Provision for interest up 1.83% to Rs 5 crore. Loan funds rose to Rs 71.75 crore as of 31 March 2024 from Rs 68.96 crore as of 31 March 2023. Inventories declined from Rs 335.45 crore as of 31 March 2023 to Rs 296.41 crore as of 31 March 2024. Sundry debtors were higher at Rs 167.39 crore as of 31 March 2024 compared to Rs 157.37 crore as of 31 March 2023. Cash and bank balance rose to Rs 1,373.78 crore as of 31 March 2024 from Rs 923.00 crore as of 31 March 2023.
PBDT rose 23.60% to Rs 1972.34 crore. Provision for depreciation down 1.88% to Rs 171.51 crore. Fixed assets declined from Rs 975.88 crore as of 31 March 2023 to Rs 904.35 crore as of 31 March 2024.
Profit before tax grew 26.74% to Rs 1,800.83 crore. Extraordinary items were decreased to Rs -19.50 crore. Provision for tax was expense of Rs 457.67 crore, compared to Rs 362.53 crore. Effective tax rate was 25.69% compared to 25.72%.
Profit after tax rose 26.41% to Rs 1,323.66 crore.
Equity capital stood at Rs 27.20 crore as of 31 March 2024 to Rs 27.20 crore as of 31 March 2023. Per share face Value remained same at Rs 1.00.
Promoters’ stake was 51.00% as of 31 March 2024 ,compared to 51.00% as of 31 March 2023 .
Cash flow from operating activities increased to Rs 1,198.96 crore for year ended March 2024 from Rs 1,176.26 crore for year ended March 2023. Cash flow used in acquiring fixed assets during the year ended March 2024 stood at Rs 75.56 crore, compared to Rs 70.09 crore during the year ended March 2023.
Business Highlights
The
board declared Second Interim Dividend of Rs 26 per equity share of Re 1 each
for the Financial Year 2023-24 and one-time special interim dividend of Rs 10
each per equity share of Re 1 each on account of an excellent performance during
the Financial Year 2023-24. Record date for the purpose
is May 23, 2024.
In
Q4 FY24,