Colgate Palmolive India Q1 Results: Colgate-Palmolive (India) Ltd.'s net profit fell over 11% and margin contracted in the first quarter of fiscal year 2025, amid subdued urban demand.
The consolidated net profit of the toothpaste maker fell to Rs 320.6 crore in the April-June quarter, missing analysts' estimate, according to an exchange filing on Tuesday. That compares with the Rs 346.25 crore consensus estimate of analysts tracked by Bloomberg.
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The company's margin contracted to 31.6% versus 34% in the previous year.
Colgate-Palmolive Q1 Highlights (Consolidated, YoY)
Revenue down 4.3% at Rs 1,433 crore versus Rs 1,496.71crore (Bloomberg estimate: Rs 1,478.74 crore)
Ebitda down 11% at Rs 453 crore versus Rs 508.34 crore (Bloomberg estimate: Rs 484.06 crore)
Margin at 31.6% versus 34% (Bloomberg estimate: 32.7%)
Net profit down 11.9% at Rs 320.6 crore versus Rs 363.98 crore (Bloomberg estimate: Rs 346.25 crore)
"Our Q1 results reflect persistent headwinds from tough operating conditions on account of subdued urban demand and elevated competition intensity. The current quarter performance is also influenced by cycling a high base from the previous year," said . Prabha Narasimhan, Managing Director & CEO of Colgate-Palmolive (India).
"We have made good strides in category premiumization, with our premium portfolio delivering strong revenue growth. We expect to navigate the current challenges and anticipate a gradual recovery in the back half of the year," he further added.
Shares of Colgate-Palmolive (India) was trading 0.32% lower at Rs 2,384.40 apiece, compared to a 0.03% advance in the benchmark Nifty 50 as of 1:08 p.m.
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