Colgate India posted a 16 per cent jump in net profit at Rs 181.31 crores for the second quarter ended 30th September, 2016, from Rs 156.85 crores in the same period of last fiscal. Net sales increased to Rs 1,195 crores from Rs 1,088 crores in the quarter ended 30th September, 2015, the consumer products company said in a statement here.
Net sales of the Company for the half-year ended 30th September, 2016 stood at Rs 2,336 crores, an increase of 11 per cent over H1 of last year. Net profit for H1 was Rs 307 crores, witnessing a rise of 13 per cent over the same period of the previous year.
The company has maintained its leadership position in both toothpaste and toothbrush categories in January-September 2016 period. Its volume in market share in toothpaste category stood at 55.7 per cent and 46.6 per cent in toothbrush segment.
The board declared a first interim dividend for the financial year 2016 to 17 of Rs 4 per share of Re 1 each face value on the expanded capital base post the bonus issue. Therefore the dividend payout to the shareholders will be Rs 130.9 crores.
Issam Bachaalani, Managing Director, said that the Company continues to focus on innovation and consumer insights while leveraging its strong heritage in the oral care category. Despite the slowing market conditions, Colgate maintains its leadership position and continues to offer customized products for each market segment. He also added that the Company is focused on its priorities of strengthening the core of our business and drive competitive and profitable growth while staying committed to the sustainability initiatives.
Colgate India share price is currently trading at Rs 965.40, down by 0.56 per cent or 5.45 points. Get the most important support and resistance levels of the share at Colgate India share price forecast.
Source: www.dynamiclevels.com
No comments:
Post a Comment