Colgate Q2 results preview: PAT likely to rise 20% YoY, gross margins expected to expand due to price hike
Colgate Q2 results preview: The analysts peg Colgates earnings before interest, taxes, depreciation, and amortisation (EBITDA) to grow by 17 per cent to Rs 476 crore from Rs 408 crore registered in the year-ago period.
Colgate Q2 results preview: Colgate-Palmolive (India) is all set to report its financial results today, October 26. According to Zee Business Research, the company is likely to report a seven per cent year-on-year (YoY) rise in its consolidated revenue to Rs 1,491 crore for the quarter ended September 30, 2023, against Rs 1,388 crore logged in Q2FY2023, driven by an expected three to four per cent rise in volume growth supported by new launches.
The analysts peg Colgate's earnings before interest, taxes, depreciation, and amortisation (EBITDA) to grow by 17 per cent to Rs 476 crore from Rs 408 crore registered in the year-ago period. The company is likely to report a 20 per cent increase in profit after tax (PAT) to Rs 333 crore from Rs 278 crore a year ago.
They estimate its margin—a key measure of profitability for a business—to grow to 31.9 per cent from 29.4 per cent. As per the analysts, the gross margins are expected to expand due to the price hike. In addition, working margins are likely to improve owing to an expansion in gross margins.
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