Colgate-Palmolive Achieves 16.2% Profit Growth in Q2 FY25 Earnings; Declares ₹24 Interim Dividend

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

The company achieved a 10.0% year-on-year growth in topline revenue, with domestic revenues growing by 10.5%. Net sales surged to ₹1,609.2 crore, up from ₹1,462.4 crore in the same quarter last year.

The net profit after tax for Q2 FY25 was ₹395.1 crore, a notable increase of 16.2% compared to ₹340.1 crore in Q2 FY24. This growth includes a one-off credit related to interest on income tax refunds received during the quarter. In line with its growth strategy, the company increased its advertising expenditure by 17.8% from the previous year, reinforcing its commitment to brand and category development. Additionally, Colgate-Palmolive is investing in delivering superior products to consumers, further enhancing its competitive edge in the market.

The Board of Directors declared a first interim dividend of ₹24 per equity share of face value of Re. 1 each for the Financial Year 2024-25. The total dividend payout will amount to ₹653 crore and is set to be disbursed on or after November 21, 2024, to shareholders registered by November 4, 2024. 

On October 25, 2024, Colgate-Palmolive share price opened at ₹3,240.00, up from its previous close of ₹3,212.70. However, at 10:55 AM, the share price of Colgate-Palmolive was trading at ₹3,119.60, down by 2.90%.

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