The company reported a 10% YoY (year-on-year) topline growth for the quarter under review with domestic revenues growing by 10.5%.
Meanwhile, the company’s board has also declared an interim dividend of Rs 24 per share for its shareholders, for which the record date has been fixed as November 4.
The dividend will be paid to the shareholders on and from November 21, the company said.
The net sales increased to Rs 1,609.2 crore from Rs 1,462.4 crore with all segments of the portfolio reporting strong and consistent growth momentum. The domestic revenue growth in H1 FY25 was recorded at a 2-year CAGR of 10.4%.
Also read: HUL shares tumble nearly 5% as Q2 results disappoint. Should you buy, sell or hold?“We are pleased with the robust, consistent topline performance in a tough operating environment. This has been led by broad-based growth across portfolios. Toothpaste achieved high-single digit volume growth on the back of our core brands — Colgate Maxfresh and Colgate Strong Teeth. Toothbrush continued to grow at double digits with rapid premiumisation. We expect continued difficult market conditions but remain committed to leverage our very strong P&L, which allows us to continue to invest behind superior products and advertising while we maintain our focus on ensuring better oral health for everyone in India,” said Prabha Narasimhan, Managing Director & CEO of Colgate-Palmolive (India).Following the announcement of results, the stock was trading 3.2% lower at Rs 3,228.15 on the BSE.
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