Colgate Palm. Q4 net profit jumps 54.13% at Rs 314.66 cr
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The company reported standalone net profit of Rs 314.66 crore for the quarter ended March 31, 2021 as compared to Rs 204.15 crore in the same period last year, registering a year-on-year growth of 54.13 per cent. Net revenue of the company rose substantially by 20.02 per cent at Rs 1,275.01 crore in January-March quarter of this fiscal as against Rs 1,062.35 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 6.56 per cent to Rs 861.44 crore from Rs 808.39 crore in year ago period. Other Income dipped by 66.29 per cent at Rs 6.62 crore versus (Mar'20 Rs 19.64 crore). Operating Profit surged by 60.44 per cent to Rs 421.75 crore as against Rs 262.87 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 33.71 per cent in March quarter. Interest declined by 21.21 per cent y-o-y to Rs 1.56 crore, while Taxation increased by 120.79 per cent at Rs 66.70 crore (Mar'20 Rs 30.21 crore).
