Colgate-Palmolive India Q1 Results: Profit Up 33% On Steady Demand

Colgate-Palmolive India Q1 FY25 Highlights (YoY)

• Revenue rose 13.1% to Rs 1,497 crore (Bloomberg estimate: Rs 1,429.4 crore).

• Ebitda up 21.6% to Rs 508 crore (Bloomberg estimate: Rs 471.7 crore).

• Margin expanded to 34% as against 31.6%, despite higher advertising spends (Bloomberg estimate: 33%).

• Ad spends increased 9.8% to Rs 199.07 crore.

Domestic sales for the quarter grew 12.8% over the year-ago period, led by robust growth across the portfolio, which includes toothpaste, toothbrush and personal care, the company said in a statement. The June quarter witnessed continued demand pick-up in rural markets, outpacing growth in urban markets for the second quarter in a row.

The toothpaste portfolio saw "double-digit growth" in Q1, driven by "high-single-digit" volume growth, according to MD and CEO Prabha Narasimhan. "Our toothbrush portfolio has also seen a concrete positive shift in competitive growth trajectory, with strong double-digit growth in top-line."

"Our continued investments in perceivable superiority in product, brand building and innovation are yielding significant results while strengthening our brand metrics to highest-ever level," said Narasimhan.

According to the exchange filing, at least 50% of Colgate’s toothpaste portfolio by volume has transitioned to recyclable tubes, and the company is on track to exit fiscal 2025 with 100% recyclability.

Shares of Colgate Palmolive closed 1.76% higher on Monday, as against a flat benchmark Nifty 50.