COLPAL · Fast Moving Consumer Goods
Colgate Palmolive (India) Ltd. reported revenue of ₹1,619 cr for July to September 2024, +10.1% on the year and +8.1% on the quarter. It is the highest quarterly revenue in the last 6 quarters on record.
Operating profit (EBITDA) was ₹497 cr, a margin of 30.7%, −207 bps on the year and −324 bps on the quarter. It is the narrowest margin of the last 6 quarters (range 30.7% to 35.7%). Operating costs grew +13.4%, faster than revenue at +10.1%, so operating profit grew less than sales.
Net profit was ₹395 cr, +16.2% on the year and +8.5% on the quarter, with earnings per share of ₹14.52. Profit before other income, one-offs and tax grew 3.9%, so 12 points of the headline growth came from outside the core business. The tax rate of 26% is in line with its recent average.
On earnings per share of ₹54.00 over the last four quarters, the stock at ₹1,695.00 trades at 31.4 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Operating margin slipped on the year.
Source: Quarterly statements
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,396 cr | ₹1,490 cr | ₹1,497 cr | ₹1,619 cr | ₹1,462 cr | ₹1,463 cr | ₹1,434 cr | ₹1,520 cr | ₹1,486 cr | ₹1,595 cr | ₹1,603 cr | ₹1,706 cr |
| YoY | — | — | +13% | +10% | +5% | −2% | −4% | −6% | +2% | +9% | +12% | +12% |
| EBITDA margin | 33.5% | 35.7% | 33.9% | 30.7% | 31.1% | 34.0% | 31.6% | 30.6% | 29.7% | 32.0% | 30.1% | 27.7% |
| Other income, % of PBT | 4% | 5% | 5% | 14% | 5% | 4% | 4% | 3% | 7% | 0% | 4% | 5% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 26% | 26% | 26% | 26% | 25% | 26% | 26% | 26% | 26% | 25% | 26% | 26% |
| Net profit | ₹330 cr | ₹380 cr | ₹364 cr | ₹395 cr | ₹323 cr | ₹355 cr | ₹321 cr | ₹328 cr | ₹324 cr | ₹353 cr | ₹343 cr | ₹342 cr |
| YoY | — | — | +33% | +16% | −2% | −7% | −12% | −17% | +0% | −1% | +7% | +4% |
| Core profit YoY | — | — | +25% | +4% | −3% | −6% | −11% | −6% | −2% | +3% | +7% | +3% |
| EPS | ₹12.14 | ₹13.96 | ₹13.38 | ₹14.52 | ₹11.87 | ₹13.05 | ₹11.79 | ₹12.04 | ₹11.91 | ₹12.99 | ₹12.61 | ₹12.56 |
| Flags | · | · | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 1 | ✓ | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Colgate Palmolive (India) Ltd. reported revenue of ₹1,619 cr (+10.1% on the year) and net profit of ₹395 cr (+16.2% on the year) for July to September 2024.
Profit before other income, exceptional items and tax moved +3.9% on the year, against +16.2% for reported profit.
None of the 7 checks that could run raised a question.
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