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26-10-2024 10:16 AM | Source: PR Agency
Colgate-Palmolive (India) 2QFY25 First cut: below estimates as margins peaked out, volumes up by 7-8% By Amnish Aggarwal , PL Capital

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Financial Performance:

* Revenues grew by 10.1% YoY to Rs16.2bn (PLe: Rs16.4bn), we estimate ~7-8% volume growth

* CLGT delivered double-digit revenue growth amid current difficult market conditions, aided by high single digit volume growth in Toothpastes due to steady performance of core brands.

* Toothbrush continued to grow at double digits with rapid premiumisation.

* Gross margins contracted by 23bps YoY to 68.5% (Ple: 70.2%)

* EBITDA grew by 3.2% YoY to Rs5bn (PLe:Rs5.4bn); Margins contracted by 206bps YoY to 30.7% (PLe:33.3%)

* A&P spends expanded by 99bps YoY to 15%

* Adj. PAT grew by 3.8% YoY to Rs3.5bn (PLe:Rs3.9bn)

* Board declared first interim dividend of Rs.24/share

 

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