Mumbai, May 21: Colgate-Palmolive (India) Ltd posted a 6% dip in net profit for the January–March quarter of FY25, bringing in Rs 355 crore compared to Rs 379.82 crore in the same quarter last year. The dent in profit was largely due to a slowdown in sales during the quarter.
Net sales for the fourth quarter came in at Rs 1,452 crore, slightly down from Rs 1,481 crore a year ago. Total income also fell to Rs 1,481.57 crore from Rs 1,512.66 crore in the year-ago period. While expenses rose marginally to Rs 1,003.95 crore, it wasn’t enough to offset the decline in revenue.
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Despite the Q4 blip, the full-year numbers painted a more optimistic picture. Net profit for FY25 rose by 8.5% to Rs 1,437 crore, up from Rs 1,324 crore in FY24. Annual net sales climbed to Rs 5,999 crore, marking a 6.3% year-on-year increase.
“Toothpaste, our core category, showed solid value growth in the mid-single digits,” said Prabha Narasimhan, Managing Director & CEO of Colgate-Palmolive India. She added that urban demand softened in the latter half of the year and growing competition further pressured the Q4 performance.
“Looking ahead, we’re cautious about the near-term macro environment but optimistic about a gradual turnaround later in the year,” Narasimhan noted.
The board also declared a second interim dividend of Rs 27 per share (face value Re 1), with a total payout of Rs 734 crore. This takes the full-year dividend to Rs 51 per share for FY25. The dividend will be disbursed on or after June 16, 2025.
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Colgate-Palmolive’s stock closed 1.06% higher at Rs 2,658.50 on the BSE Wednesday.
