Colgate-Palmolive (India) Ltd.(NSE: COLPAL) is an Indian subsidiary of Colgate-Palmolive Company, a global consumer products company. The company is engaged in the manufacture and sale of a wide range of personal care, oral care, and home care products, including toothbrushes, toothpastes, mouthwashes, and soaps. Colgate-Palmolive (India) Ltd is the market leader in the oral care segment and is one of the largest fast-moving consumer goods companies in India. The company has a strong distribution network and has established a significant presence in the rural and urban markets in India.
Colgate-Palmolive (India) Limited reported a growth of 0.8% in its net sales for the third quarter of the financial year 2023 (Q3FY23), with net sales reaching Rs 1,281.2 crore. The company saw a domestic sales growth of 2.3% for the same quarter. The net profit after tax for Q3FY23 was Rs 243.2 crore, compared to the net profit of Rs 252.3 crore for the same quarter in the previous financial year (Q3FY22). Over the first nine months of the financial year 2023 (9MFY23), the company reported a net sales growth of 1.9% to reach Rs 3,846.2 crore. The net profit for the 9MFY23 period was Rs 730.9 crore.
Colgate-Palmolive India’s Managing Director, Ms. Prabha Narasimhan, stated that the company is focusing on building oral care habits in India and driving innovation through science-led products and premiumization. The company has launched an e-commerce platform specifically for dentists, and has also partnered with the Andhra Pradesh government to educate children on oral health. Despite adverse macro factors impacting oral care consumption in the quarter, the company remains optimistic and will continue to invest in category and brand building.