Colgate-Palmolive (India) Limited Net Sales at Rs 2034 cr
The Organic growth of the Company stands at 9%, offset by phasing out of fiscal benefits in the State of Himachal Pradesh, to give a reported growth of 5% over the same period of the previous year, it said in a release.
Net Profit After Tax is up 35% which excludes the impact of the phasing out of fiscal benefits and the restructuring cost related to toothpowder manufacturing facility at Aurangabad, Maharashtra. Including the aforesaid impact, the reported Net Profit After Tax is at Rs. 271.2 crore, 3% growth in Earnings Per Share of Rs. 9.97 for the reported period, after adjusting for the recent bonus issue.
2Q 2015-16 : Net sales are Rs. 1031.8 crore for the quarter ended September 30, 2015. The Organic growth of the Company stands at 10%, offset by phasing out of fiscal benefits in the State of Himachal Pradesh, to give a reported growth of 4% over the same period of the previous year.
Net Profit After Tax is up 51%, excluding the impact of the phasing out of fiscal benefits. Including this the reported Net Profit After Tax is at Rs. 156.9 crore, 21% growth in Earnings Per Share of Rs. 5.77 for the reported period, after adjusting for the recent bonus issue.
The company enhanced its leadership position in Toothpaste category by registering a volume market share of 57.6% in Jan-Sept 2015, an increase of 90 basis points over same period last year. The flagship brands “Colgate Dental Cream”, “Active Salt”, “Max Fresh” are the primary contributors to this growth. In the Toothbrush segment, the Company also increased its volume market share to 43.3 % in period Jan-Sept 2015, an increase of 70 basis points over same period last year. The volume growth was 3% in 2Q as well as 1H 2015-16.
The Board declared a First Interim Dividend for the Financial Year 2015-16 of Rs. 4 per share of Re 1 each (face value) on the expanded capital base post the bonus issue. The dividend payout to the shareholders will be Rs. 130.9 Crore (inclusive of the dividend distribution tax of Rs. 22.1 Crore) and will be paid on November 26, 2015 to those shareholders whose names are on the Register of Members of the Company as on November 6, 2015.
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