Colgate Q2 FY2019 net sales up 8% at Rs 1,160.6 cr; net profit grows 11%
Colgate-Palmolive (India) Limited has reported net sales of Rs 1,160.6 crore for the second quarter of the financial year 2018 -19, an increase of 8 per cent over the same quarter of the previous year. Reported net profit after tax for the quarter was Rs 196.4 crore, an increase of 11 per cent over the previous year quarter.
Net sales for the half year ended September 30, 2018 was recorded at Rs 2,194.2 crore, an increase of 7 per cent (excluding GST impact) over the same period of the prior year. Reported net profit was at Rs 385.9 crore, an increase of 23 per cent over the prior period. Excluding the impact of exceptional items, the net profit increased by 14 per cent over the same period.
Commenting on the performance, Issam Bachaalani, Managing Director, Colgate-Palmolive (India) Ltd, said, “We remain committed to the priorities of strengthening the core of our business and driving competitive and profitable growth in line with our values. Our aggressive efforts in the market have brought about an upswing in the overall growth momentum resulting in a volume growth of 7 per cent in the second quarter. Understanding the shift of preferences that consumers are exhibiting towards e-commerce, we continue to invest ahead of the growth curve with the objective of being market leaders online as well in addition to traditional stores.”
Bachaalani further said, “Our consistent focus on investing in brand building is creating deeper and meaningful brand experiences as we continue to deliver innovation to cater to the evolving needs of our consumers.”
The company continues its leadership positions in the Toothpaste category with a volume market share of 52.5 per cent (Apr-Sep 2018) and in the Toothbrush category with a volume market share of 44.2 per cent (Apr-Sept 2018).
In the ‘Naturals’ portfolio, Colgate Swarna Vedshakti toothpaste continues to perform well. The company recently launched the toothpaste in multiple pack sizes at different price points, nationally, where it continues to show a positive consumer confidence with strong repeat purchases.
Colgate’s flagship brand – Colgate Strong Teeth – is now re-launched on an evocative platform of ‘Daant Banaye Andar se Strong’ (Strengthens Teeth from within). The all new brand proposition will be unveiled through a nationwide 360-degree campaign across all consumer touch points in the coming months.
Colgate also kicked off its annual campaign, Oral Health Month (OHM), conducted in partnership with Indian Dental Association (IDA). The 15th edition of OHM is underway from October 2018 and will continue till December 2018. This year, Colgate is targeting to provide 6 million+ free dental check-ups in partnership with over 35,000 IDA dentists across more than 1,200 cities in India. As part of the campaign, in-store dental check-ups will be conducted across 132 modern trade stores and 82 Army canteens across the country. In addition, Colgate will also be running Dental check-up vans across 45+ cities to increase awareness towards oral health and making free dental check-up accessible to everyone.