Adani Enterp. 2508.80↓-124.90(-4.74%)
Adani Ports 715.10↓-18.95(-2.58%)
Apollo Hospitals 4596.05↑45.65(1.00%)
Asian Paints 3116.60↓-4.00(-0.13%)
Axis Bank 915.50↓-0.65(-0.07%)
B P C L 366.55↓-0.05(-0.01%)
Bajaj Auto 4533.75↑35.65(0.79%)
Bajaj Finance 6825.45↑44.90(0.66%)
Bajaj Finserv 1436.80↓-0.45(-0.03%)
Bharti Airtel 801.45↑1.50(0.19%)
Britannia Inds. 4540.15↑18.50(0.41%)
Cipla 933.00↑2.60(0.28%)
Coal India 240.10↑0.80(0.33%)
Divi's Lab. 3343.60↓-42.20(-1.25%)
Dr Reddy's Labs 4507.40↑46.85(1.05%)
Eicher Motors 3616.50↑14.90(0.41%)
Grasim Inds 1700.25↑2.30(0.14%)
H D F C 2695.00↓-10.85(-0.40%)
HCL Technologies 1111.60↑4.25(0.38%)
HDFC Bank 1631.15↓-6.05(-0.37%)
HDFC Life Insur. 569.15↑6.45(1.15%)
Hero Motocorp 2726.50↑16.05(0.59%)
Hind. Unilever 2625.20↓-3.10(-0.12%)
Hindalco Inds. 406.30↓-4.00(-0.97%)
ICICI Bank 952.45↓-0.95(-0.10%)
IndusInd Bank 1251.30↓-8.90(-0.71%)
Infosys 1301.85↑1.80(0.14%)
ITC 432.30↑3.15(0.73%)
JSW Steel 704.75↑0.65(0.09%)
Kotak Mah. Bank 1930.00↑8.50(0.44%)
Larsen & Toubro 2196.60↓-1.05(-0.05%)
M & M 1265.40↓-3.15(-0.25%)
Maruti Suzuki 9302.50↑101.80(1.11%)
Nestle India 21343.00↓-60.70(-0.28%)
NTPC 174.55↑0.40(0.23%)
O N G C 165.80↑0.80(0.48%)
Power Grid Corpn 237.00↑2.90(1.24%)
Reliance Industr 2450.50↓-4.05(-0.16%)
SBI Life Insuran 1176.05↑10.45(0.90%)
St Bk of India 584.60↑3.00(0.52%)
Sun Pharma.Inds. 949.05↑17.45(1.87%)
Tata Consumer 771.75↑1.70(0.22%)
Tata Motors 525.10↓-3.40(-0.64%)
Tata Steel 105.60↓0.00(0.00%)
TCS 3313.35↑16.30(0.49%)
Tech Mahindra 1097.05↑6.55(0.60%)
Titan Company 2708.50↑25.05(0.93%)
UltraTech Cem. 7670.00↑15.75(0.21%)
UPL 681.45↑0.80(0.12%)
Wipro 397.65↓0.00(0.00%)

After a weak Dec quarter, near-term gains unlikely for Colgate-Palmolive

A lot hinges on its ability to boost volumes amid stiff competition

Premium

On the margin front, the company reported an expansion in gross profit margins by 210 basis points (bps) on a sequential basis

3 min read Last Updated : Jan 25 2023 | 10:57 PM IST

Pegged back by sluggish rural demand, the country’s largest toothpaste maker Colgate-Palmolive (India) posted weak December quarter results for the 2022-23 financial year (FY23). Even as the Street had muted expectations, given its dismal growth story for some time now, the company failed to meet the lower growth estimates as well.

While analysts were expecting the company to deliver a revenue growth in the mid-to-high single digits, the topline was flat. Volumes are estimated to have declined by about 3 per cent; pricing growth has been of a similar quantum, offsetting the overall impact.

The company indicated that the toothpaste category has been impacted due to slowdown in the rural markets, increased pressure on consumer wallet due to inflation and downtrading to lower cost packs.