Colgate Palmolive’s Remarkable Journey: From Rs 200 to Rs 2000!

Colgate Palmolive (India) Ltd, a prominent leader engaged in the manufacturing of toothpaste under the brand Colgate, has achieved a noteworthy milestone today as its share price reaches Rs 2000 each. 

The stock opened today at Rs 1937.05, with a substantial increase of 2.85% from its previous day’s closing price of Rs 1883.30 on the BSE. As of writing this article, the shares of the company are trading at a price of Rs 1999.30 each representing an increase of 6.16%. 

Upon analysing today’s share volumes, it can be observed that there has been a significant increase of more than 4.83 times in volumes on the BSE.

Moreover, the stock touched a new 52-week high today. Now, its 52-week highs and lows are Rs 2009.80 and Rs 1434.60, respectively. 

Let’s now analyse the journey of Colgate Palmolive’s share price, starting from Rs 200 and reaching the significant mark of Rs 2000. 

It took approximately 15 years, equivalent to 5701 days, for Colgate’s share price to surge from its base price of Rs 200 to reach Rs 2000. Achieving Rs 400 and doubling in value took a considerably shorter time of 2.5 years or 916 days. 

However, it took nearly 1282 days or 3.5 years to reach Rs 1200 from Rs 1000, the longest time to cover Rs 200 based on the data provided. On the other hand, the shortest time ever to cover Rs 200 was just 48 days, recorded in the year 2019 in the month of November.

As mentioned in the table, both 2014 and 2019 stood out as the most favourable years. These two years appear twice in the table, indicating that the company’s share performance was notably strong during those periods. 

In 2021, the stock exhibited notable growth, rising from Rs 1600 in November to Rs 1800 in July indicating rapid progress. Finally, it reached a significant milestone of Rs 2000 today.

On July 26, Colgate reported its quarterly results for June. The company’s revenue showed a significant year-on-year increase of 10.60%, rising from Rs 1197 Crore to Rs 1324 Crore. The operating profit for the quarter was Rs 418 Crore, with an operating profit margin of 32%, compared to Rs 326 Crore in the corresponding quarter of the previous year. The net profit for the company amounted to Rs 274 Crore. 

Colgate-Palmolive (India) Limited is a company that specializes in the production and distribution of a wide range of oral care and personal care items. They manufacture and trade toothpaste, tooth powder, toothbrushes, mouthwash, and other personal care products, including soaps, cosmetics, and toilet preparations. Among their offerings are various oral care products such as toothpaste, toothbrushes, mouthwash, and rinses.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.