HomeBusinessColgate-Palmolive Q4 net profit jumps 20 pc to Rs 380 crore

Colgate-Palmolive Q4 net profit jumps 20 pc to Rs 380 crore

Mumbai May 14 (IANS) Colgate-Palmolive reported a 20 per cent jump in consolidated net profit at Rs 379.82 crore for the Jan-March quarter of 2023-24 compared to the same period last year.

The company’s total sales rose 10.35 per cent to Rs 1,480.66 during the quarter. EBIDTA (earnings before interest, tax, depreciation and amortization) for the quarter grew 17.7 per cent to Rs 532 crore. EBITDA margins increased by 2.2 per cent year-on-year to 35.7 per cent.

The Board has announced a second interim dividend of Rs 26 per share, along with a special one-time interim dividend of Rs 10 per share for 2023-24.

The total dividend payout to shareholders will work out to Rs 979.2 crore and will be distributed on or after June 7, 2024, to shareholders listed on the company’s register as of May 23, 2024. Overall, the dividend for the year 2023-24 stands at Rs 58 per share.

At the end of the last quarter of FY 24 we are pleased with the all-round progress we have made on our strategic priorities. We have continued to invest in superior, science-backed oral care formulations, upgrading the product & packaging quality,” said Prabha Narasimhan, Managing Director & CEO.

The company improved Colgate Active Salt with a stronger formula, introduced a more affordable 80g pack for Colgate Total and launched new fragrances for Palmolive body wash, she added.

–IANS

sps/dan

Go to Source

Disclaimer

The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

For any legal details or query please visit original source link given with news or click on Go to Source.

Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.

If you are not willing to accept this disclaimer then we recommend reading news post in its original language.

RELATED ARTICLES
- Advertisment -

Most Popular