Colgate-Palmolive (India) reports net sales of Rs. 1,002.9 cr in 1Q 2015-16

 

The Organic growth of the Company stands at 8.8%, however due to the phasing out of fiscal benefits in the State of Himachal Pradesh which the company was entitled to impacted the revenue growth to give a reported growth of 5.5% over the same period of the previous year.

Net Profit After Tax is up 19.1% which excludes the impact of the phasing out of fiscal benefits and the restructuring cost related to toothpowder manufacturing facility at Aurangabad in Maharashtra.

Including the aforesaid impact the reported Net Profit After Tax at 114.3 crore is down -15.3% with Earnings Per Share of Rs. 8.40 for the reported quarter.

The company continued to enhance its leadership position in Toothpaste category by registering a volume market share of 57.9% in Jan-June 2015, an increase of 90 basis points over same period last year. The flagship brands “Colgate Dental Cream”, “Active Salt”, “Max Fresh” have majorly contributed to this growth.

The company further maintained its leadership position in the Toothbrush category by registering a volume market share of 42.7% in period Jan-June 2015.