Colgate’s 1Q Net Sales Up 20%, Net Profit Up 17%
Mumbai, July 23, 2012
1Q 2012-13 : Colgate-Palmolive (India) Limited today reported its first quarter results for the financial year 2012-13 with net sales of Rs. 736.1 crore, an increase of 20% over the same quarter of the previous year. Net profit for the quarter is reported at Rs. 117.4 crore, a 17% increase over the net profit of Rs. 100.4 crore for the same quarter of the previous year.
During the quarter, the Company achieved a volume growth of 11%. The Company enhanced its leadership position in the toothpaste category to 54.5% volume market share (Jan’12-Jun’12) from 52.4% (Jan’11-Jun’11). The flagship brands “Colgate Dental Cream”, “Active Salt”, “MaxFresh”, “Colgate Sensitive” and “Colgate Total” contributed to this consistent growth
The toothbrush category has strengthened its market leadership position at a market share of 38.2% (Jan’12 – Jun’12) as against 36.3% (Jan’11 - Jun’11).
The mouthwash category continues its growth momentum which has been enhanced by the recent launch of Colgate Plax Fresh Tea in Q4 2011-12.
In the toothbrush category, the Company has launched Colgate 360 Battery Toothbrush that has a dual action brush head which provides 20X more cleaning action than a manual toothbrush.
The Company has also launched Colgate Max Fresh toothbrush that has specially designed mutli-height bristles that penetrate between teeth to clean away plaque and an advanced tongue freshener with 3 waves of multi-dimensional cleaning.
In an inflationary environment, the Company’s continuing efforts and focussed programs to enhance efficiencies and reduce costs continue to yield strong, positive results helping to maintain margin and fund investments in building and strengthening brand equity and the business. Prudent price increases and cost management has enabled the Company to maintain its strong Gross margin for this quarter.
The Company has recently acquired a plot of land in Andhra Pradesh on a long term lease for setting up a toothbrush manufacturing facility.
Colgate-Palmolive (India) Limited is India’s leading provider of scientifically proven oral care products with multiple benefits at various price points. The range includes toothpastes, toothpowder, toothbrushes and mouthwashes under the “Colgate” brand, as well as a specialized range of dental therapies under the banner of Colgate Oral Pharmaceuticals. These have become an essential part of daily oral hygiene and therapeutic oral care in India. The Company also provides a range of personal care products under the ‘Palmolive’ brand name.
Colgate has been ranked as India’s #1 Most Trusted Brand across all categories for four consecutive years from 2003 to 2007 and in 2011 by Brand Equity’s Most Trusted Brand Survey. It is the only brand to be in the top three from 2001-2011. Prior to this, Colgate was also rated as the #1 brand by the A&M – MODE Annual Survey for India’s Top Brands for eight out of nine years during the period 1992 to 2001.
For more information about Colgate’s business and products, visit the Company’s website on the internet at www.colgate.co.in.