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Colgate-Palmolive jumps on reporting 22% rise in Q2 net profit
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Colgate-Palmolive (India) is currently trading at Rs. 2076.10, up by 43.60 points or 2.15% from its previous closing of Rs. 2032.50 on the BSE.
The scrip opened at Rs. 2038.15 and has touched a high and low of Rs. 2088.30 and Rs. 2003.65 respectively. So far 20629 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2128.85 on 20-Oct-2023 and a 52 week low of Rs. 1434.60 on 30-Jan-2023.
Last one week high and low of the scrip stood at Rs. 2112.10 and Rs. 2003.65 respectively. The current market cap of the company is Rs. 56341.82 crore.
The promoters holding in the company stood at 51.00%, while Institutions and Non-Institutions held 29.95% and 19.04% respectively.
Colgate-Palmolive (India) has reported results for second quarter ended September 30, 2023 (Q2FY24).
The company has reported 22.31% rise in its net profit at Rs 340.05 crore for Q2FY24 as compared to Rs 278.02 crore for the same quarter in the previous year. Total income of the company increased by 6.67% at Rs 1492.10 crore for Q2FY24 as compared Rs 1398.76 crore for the corresponding quarter previous year.
Colgate Palmolive (India) has trusted brands for dental care, personal care, home care and professional oral care. The company is the fastest growing and one of the oldest companies catering to the personal care products.
