For thequarter ending June 2022, standalone net sales (including other operating income) of Colgate-Palmolive (India) has increased 2.65% to Rs 1,196.81 crore compared to quarter ended june 2021. Operating profit margin has declined from 30.47% to 27.21%, leading to 8.32% decline in operating profit to Rs 325.67 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 25.94% to 29.27%. Purchase of finished goods cost fell from 6.77% to 5.44%. Employee cost decreased from 7.93% to 7.71%. Other expenses rose from 29.72% to 30.79%. Selling and administration expenses rose from 13.37% to 13.41%. Other income up 121.50% to Rs 11.54 crore. PBIDT fell 6.44% to Rs 337.21 crore. Provision for interest fell 15.58% to Rs 1.3 crore.
PBDT fell 6.40% to Rs 335.91 crore. Provision for depreciation down 1.21% to Rs 44.16 crore.
Profit before tax down 7.14% to Rs 291.75 crore. Provision for tax was expense of Rs 72.74 crore, compared to Rs 80.96 crore. Effective tax rate was 25.76% compared to 25.77%.
Profit after tax fell 10.10% to Rs 209.67 crore.
Promoters' stake was 51.00% as of 30 June 2022 ,compared to 51.00% as of 30 June 2021 .
Full year results analysis
Net sales (including other operating income) of Colgate-Palmolive (India) has increased 5.34% to Rs 5,099.78 crore. Operating profit margin has declined from 31.18% to 30.71%, leading to 3.73% rise in operating profit to Rs 1,565.94 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 25.68% to 26.84%. Purchase of finished goods cost fell from 6.65% to 5.81%. Employee cost increased from 7.52% to 7.56%. Other expenses fell from 29.12% to 29.06%. Selling and administration expenses fell from 12.86% to 12.62%. Other income fell 13.48% to Rs 26.26 crore. PBIDT rose 3.39% to Rs 1592.2 crore. Provision for interest fell 18.87% to Rs 5.89 crore. Loan funds declined from Rs 91.18 crore as of 31 March 2021 to Rs 83.05 crore as of 31 March 2022. Inventories rose to Rs 357.19 crore as of 31 March 2022 from Rs 335.82 crore as of 31 March 2021. Sundry debtors were higher at Rs 224.68 crore as of 31 March 2022 compared to Rs 117.08 crore as of 31 March 2021. Cash and bank balance declined from Rs 867.63 crore as of 31 March 2021 to Rs 754.72 crore as of 31 March 2022.
PBDT rose 3.50% to Rs 1586.31 crore. Provision for depreciation down 2.85% to Rs 177.3 crore. Fixed assets declined from Rs 1,209.57 crore as of 31 March 2021 to Rs 1,084.81 crore as of 31 March 2022.
Profit before tax grew 4.35% to Rs 1,409.01 crore. Provision for tax was expense of Rs 330.69 crore, compared to Rs 314.83 crore. Effective tax rate was 23.47% compared to 23.32%.
Profit after tax rose 4.15% to Rs 1,078.32 crore.
Promoters' stake was 51.00% as of 31 March 2022 ,compared to 51.00% as of 31 March 2021 .
Cash flow from operating activities increased to Rs 1,625.74 crore for year ended March 2022 from Rs 783.85 crore for year ended March 2021. Cash flow used in acquiring fixed assets during the year ended March 2022 stood at Rs 49.63 crore, compared to Rs 57.76 crore during the year ended March 2021.
Management Comments :
Mr. Mukul Deoras, Chairman at Colgate-Palmolive (India),said, “The current quarter continued to witness challenging trends that we sawin the previous quarter. While we remain cautiously optimistic that the trendswill improve in the coming quarters, the current quarter was impacted byoverall rural slowdown and inflationary pressures. Our overall pricing strategyand strong funding the growth programs delivered consistent margins while wecontinue to maintain our strong investment in innovation and brand buildingactivities. Ourrecent launch of Visible White O2 with patented innovativetechnology has been very well appreciated by the consumers. Also our newcategory launches such as Palmolive Face care range and extensions in the oralcare segment with Advanced Electric Toothbrushes and Water Flossers haverecorded encouraging response. Moreover, our relaunches of Colgate Strong Teethand Colgate Vedshakti toothpaste have also been very well received, reinforcingour commitment to bring to market superior products that enhance consumerexperiences. As an organization we continue to live our values and remainunwavering in our focus to improve the health and well being of our consumersand deliverlong-term shareholder value.”
| Colgate-Palmolive (India) : Standalone Results |
| Quarter ended | Year ended |
|---|
| Particulars | 202206 | 202106 | Var.(%) | 202203 | 202103 | Var.(%) |
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| Net Sales (including other operating income) | 1,196.81 | 1,165.97 | 2.65 | 5,099.78 | 4,841.22 | 5.34 | | OPM (%) | 27.21 | 30.47 | -325 bps | 30.71 | 31.18 | -48 bps | | OP | 325.67 | 355.22 | -8.32 | 1,565.94 | 1,509.63 | 3.73 | | Other Inc. | 11.54 | 5.21 | 121.50 | 26.26 | 30.35 | -13.48 | | PBIDT | 337.21 | 360.43 | -6.44 | 1,592.20 | 1,539.98 | 3.39 | | Interest | 1.3 | 1.54 | -15.58 | 5.89 | 7.26 | -18.87 | | PBDT | 335.91 | 358.89 | -6.40 | 1,586.31 | 1,532.72 | 3.50 | | Depreciation | 44.16 | 44.7 | -1.21 | 177.3 | 182.5 | -2.85 | | PBT | 291.75 | 314.19 | -7.14 | 1409.01 | 1350.22 | 4.35 | | PBT before EO | 291.75 | 314.19 | -7.14 | 1409.01 | 1350.22 | 4.35 | | EO Income | -9.34 | 0 | - | 0 | 0 | - | | PBT after EO | 282.41 | 314.19 | -10.11 | 1409.01 | 1350.22 | 4.35 | | Taxation | 72.74 | 80.96 | -10.15 | 330.69 | 314.83 | 5.04 | | PAT | 209.67 | 233.23 | -10.10 | 1078.32 | 1035.39 | 4.15 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 209.67 | 233.23 | -10.10 | 1078.32 | 1035.39 | 4.15 | | EPS (Rs)* | 7.96 | 8.58 | -7.13 | 39.65 | 38.07 | 4.15 | | | * EPS is on current equity of Rs 27.20 crore, Face value of Rs 1, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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