Colgate Palmolive Commits 100% Recyclability For Its Toothpaste Portfolio By FY2025

Colgate-Palmolive (India) revealed its latest Environmental, Social and Governance (ESG) report, highlighting their strides in sustainability and community engagement alongside financial performance for the fiscal year 2024.

In a bid to enhance its environmental impact, Colgate-Palmolive (India) has informed its commitment to achieving 100 per cent recyclability of its toothpaste portfolio. As of FY 2024, the company transitioned 50 per cent of its toothpaste tubes (by volume) to recyclable materials.

Prabha Narasimhan, MD and CEO, Colgate Palmolive stated, “At our core, is the mission to improve the oral health of everyone in India. This is both our fundamental responsibility and a tremendous privilege. Our long-term value creation strategy is intricately designed to balance financial performance with sustainability. The simple mantra of Grow, Strengthen, Simplify underpinned our actions in FY 2023-24. We delivered a significant step up in our growth trajectory, and we remain resolute in our commitment to enrich lives, foster sustainability, and propel positive change.”

Additionally, Colgate is expanding its sustainability efforts by investing in solar energy. The company has already installed over 2.8 megawatts (MW) of on-site solar capacity across its facilities. Looking ahead, Colgate-Palmolive aims to shift to 100 per cent renewable electricity for all its industrial operations by 2030.

In FY 2024, Colgate-Palmolive (India) collected and segregated over 40 tonnes of dry waste across 25 villages through its Rural Waste Management program. This effort is part of the company's broader strategy to address waste management challenges and promote environmental stewardship in rural areas.

Colgate also extended digital and financial literacy programs to over 30,000 women and persons with disabilities (PwDs) during the fiscal year. Moreover, the company supported 40 water-stressed villages, repurposing 46 million litres of water and benefiting over 14,000 individuals.

Colgate-Palmolive (India) reported an increase in its financial performance for FY 2024. The company posted a profit of Rs 1,323.6 crore, a rise from Rs 1,047.15 crore in FY 2023. The company's operating revenue also saw an increase reaching Rs 112.77 crore, compared to Rs 91.91 crore in the previous fiscal year.

The brand achieved a domestic growth rate of 9.5 per cent and reported an EBITDA margin of 33.7 per cent for the fiscal year.