Colgate Palmolive Q4FY18 net profit up 32% to Rs 189 cr; interim dividend declared
A Bloomberg poll of analysts expected Colgate Palmolive income to come in at Rs 180 crore in Q4FY18.
FMCG major Colgate-Palmolive surpassed analysts estimate in terms of net profit during fourth quarter March 2018 result, as the company posted a income of Rs 188.7 crore which increased by 32.40% compared to net profit of Rs 142.58 crore in the corresponding period of the previous year. Q4FY18 net profit was also up by 10.62% from Rs 170.65 crore of preceding quarter. A Bloomberg poll of analysts expected the income of Colgate to come in at Rs 180 crore in Q4FY18.
Net sales stood at Rs 1,085.10 crore for the quarter, an increase of 5.1% over the same period of previous year. The net sales growth was driven by strong volume growth of 4%.
Issam Bachaalani, Managing Director at Colgate-Palmolive (India) Ltd said, “In the fourth quarter, we delivered strong volume growth of 4% despite a competitive business environment. We remain focused on driving growth in our key categories and continued investments in our brands. We maintained our strong leadership position in both the toothpaste and toothbrush categories in FY18, with volume market shares for the year at 53.4% and 44.8% respectively.”
For FY18, net sales were at Rs 4,159.40 crore an increase of 5.3% yoy, whereas net profit stood at Rs 673.40 crore up 17% yoy.
In a meeting held on Monday, the Board of Directors of the Company has declared a Special - Fourth Interim Dividend of Rs. 11/- (Rupees eleven Only) per equity share of Re. 1/- (face value) for the financial year 2017-18.
The said interim dividend will be paid on and from June 15, 2018.
On BSE, the share price of company ended at Rs 1,207.50 per piece down by Rs 15.90 or 1.30%.