Colgate-Palmolive Q4 PAT up 10% at Rs 188 crore on strong margins; board declares dividend

Reuters poll of analysts had estimated net profit for March quarter at Rs 182.6 crore.

FMCG major, Colgate-Palmolive India Monday reported a 10 percent rise in net profit at Rs 188.8 crore for the fourth quarter ended March 2018. The profit was driven by an improvement in operating margins led by lower advertising costs and soft raw material prices. The company also declared a special interim dividend of Rs 11 per share.
A Reuters poll of analysts had estimated net profit for March quarter at Rs 182.6 crore.
The company reported net sales of Rs 1085 crore in March quarter compared to Rs 1026.9 crore reported a year ago. Revenue from operations grew by 5.2 percent to Rs 1,091.7 crore from Rs 1,037.5 crore YoY. Operating profit in Q4 increased 26.6 percent to Rs 307.6 crore from Rs 243 crore in same period last year.
The company's operating profit margin expanded 480 basis points year-on-year to 28.2 crore for the quarter ended March 2018. Volume growth was at 4 percent against analyst estimates of 5 percent.
Colgate's market share in the toothpaste segment fell to 53.4 percent at the end of March 2018, from 53.7 percent in December quarter, and 55.1 percent in corresponding period last fiscal. At 2:31 PM, Colgate-Palmolive India stock was trading 2.5 percent lower at Rs 1190.55 a share on National Stock Exchange.
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