Colgate Palmolive's Net Sales Grow At 10.0%, NPAT At 16.2% In Q2 FY25

Colgate-Palmolive (India) has revealed its financial results for the second quarter of the fiscal year 2024-25.  

The brand has a reported 10.0 per cent year-on-year topline growth for the quarter ended September 30, 2024, with domestic revenues growing by 10.5 per cent. Net Sales increased to Rs. 1,609.2 crore from Rs. 1,462.4 crore with all parts of the portfolio reporting strong consistent growth momentum. 

The Company's net profit after tax of Rs. 395.1 crore in Q2 FY25 as compared to Rs. 340.1 crore in Q2 FY24, a growth of 16.2 per cent. This includes one-off credit related to interest on income tax refunds received during the quarter. Advertising spend increased by 17.8 per cent in the current quarter as compared to the same period last year with increased support behind both brand and category development actions. At the same time, the Company increased its investment in delivering perceivably superior products to consumers.  

Prabha Narasimhan, managing director & CEO of Colgate-Palmolive (India) says, “We are pleased with the robust, consistent topline performance in a tough operating environment. This has been led by broad-based growth across portfolios. Toothpaste achieved high-single-digit volume growth on the back of our core brands- Colgate Maxfresh and Colgate Strong Teeth. Toothbrush continued to grow at double digits with rapid premiumisation. We expect continued difficult market conditions but remain committed to leveraging our very strong P&L which allows us to continue to invest in superior products and advertising while we maintain our focus on ensuring better oral health for everyone in India.  

This was a big innovation quarter with the launch of Colgate Visible White Purple, a product that uses colour theory and builds on our growing whitening business. The early response has been excellent. In addition, we aired new communication on our flagship global offering - Colgate Total. With its patented Dual Zinc and Arginine Technology, Colgate Total offers the best everyday protection and is the cornerstone of our premiumisation strategy. Colgate Strong Teeth saw new advertising, built on the very relevant insight for today of increased snacking leading to increased loss of calcium and Colgate Strong Teeth with its arginine + calcium boost builds back this lost calcium.” 

This quarter, Colgate’s Bright Smiles, Bright Futures® (BSBF) program achieved significant milestones by partnering with the Governments of Uttar Pradesh and Goa to extend the reach of this flagship in-school program, aiming to positively impact Oral Health awareness amongst over 2 crore children in Uttar Pradesh and over 2 lakh children in Goa.