Colgate Palmolive , a leading oral care company, has released its financial results for the first quarter, ending June 30. The company reported a decline in both revenue and profit compared to the same period last year, reflecting challenging operating conditions in the market.

Financial Performance

For Q1, Colgate-Palmolive India reported:

The company acknowledged the tough operating environment but expressed optimism about a gradual recovery in the second half of the year.

Full Year Performance

Despite the recent quarterly decline, Colgate-Palmolive India showed stronger performance for the full fiscal year:

• Topline revenue increased by 6.30% year-on-year
• Domestic net sales growth stood at 5.60%
• Net profit after tax grew by 8.50%

Dividend Declaration

The company declared total interim dividends of ₹51.00 per share, demonstrating its commitment to shareholder returns.

Key Developments and Initiatives

1. Product Innovation: Colgate-Palmolive India launched Colgate Kids Squeezy Toothpaste, targeting children aged 3-6 years. The product comes in Strawberry and Watermelon flavors and features an easy-to-squeeze bottle designed for small hands.

2. Oral Health Movement: The company's Oral Health Movement has screened over 4.5 million people across India, with more than 700,000 individuals visiting dentists post-screening. This initiative demonstrates Colgate's commitment to improving oral health awareness and access to dental care.

3. Government Recognition: Union Health Minister Jagat Prakash Nadda participated in the Colgate Oral Health Movement Summit in New Delhi, acknowledging the company's contributions to oral health in India.

4. ESG Reporting: Colgate-Palmolive India released its fourth Environmental, Social, and Governance (ESG) report, highlighting the company's progress in sustainability and corporate responsibility.

5. Awards: The company's Oral Health Movement won 9 awards at the e4m Performance Marketing Conference & Awards across various categories.

Sustainability Efforts

Colgate-Palmolive India has made significant strides in its sustainability initiatives:

• Achieved net-zero water status in three out of four manufacturing plants
• Harnessed 33% renewable electricity
• Maintained TRUE® Certification for Zero Waste across all plants
• 80% of toothpaste tubes are now recyclable by volume
• 91% of packaging material is reusable, recyclable, or compostable

Looking Ahead

While facing short-term challenges, Colgate-Palmolive India remains focused on innovation, sustainability, and market expansion. The company's multi-tiered approach to targeting diverse market segments, coupled with its strong retail presence and ongoing sustainability efforts, positions it to navigate the current market conditions and pursue long-term growth opportunities in the Indian oral care market.

As the company anticipates a gradual recovery in the latter half of the year, investors and industry observers will be watching closely to see how Colgate-Palmolive India's strategies unfold in the face of ongoing market challenges.

Colgate Palmolive , a leading oral care company, has announced its financial results for the first quarter, revealing a decline in both net sales and profit amid challenging market conditions.

Financial Performance

For the quarter ended June 30, Colgate-Palmolive India reported:

The company attributed the decline in performance to several factors, including subdued urban demand, elevated competition intensity, and a high growth base from the previous year.

Management Commentary

Ms. Prabha Narasimhan, Managing Director & CEO of Colgate-Palmolive (India) Limited, commented on the results: "Our Q1 results reflect persistent headwinds from tough operating conditions on account of subdued urban demand and elevated competition intensity. The current quarter performance is also influenced by cycling a high base from the previous year; Net Sales grew at 12% CAGR in the base year same period (Q1 FY23-Q1 FY25)."

Despite the challenges, Ms. Narasimhan emphasized the company's commitment to its strategic priorities. She highlighted progress in category premiumization, with the premium portfolio delivering strong revenue growth. The company also maintained its brand investments, leveraging its healthy profit margins.

Strategic Initiatives and Product Launches

Colgate-Palmolive India continued its focus on innovation during the quarter, introducing two new product formats:

1. Colgate Kids Squeezy Toothpaste: Launched in Strawberry and Watermelon flavors for children aged 3-6, featuring an easy-to-squeeze bottle and fun grip designed for small hands.

2. MaxFresh Mouthwash Sachet Stick: Introduced in Fresh Tea Flavor, catering to on-the-go freshness needs.

Corporate Social Responsibility

The company hosted the Oral Health Movement Summit in June, furthering discussions on oral health. Shri JP Nadda, Honorable Union Minister of Health and Family Welfare, Government of India, attended the event and unveiled 'India's Oral Health Report,' a publication offering insights based on nationwide dental screening data.

Environmental, Social, and Governance (ESG) Initiatives

Colgate-Palmolive India released its fourth ESG Report along with the Annual Report during the quarter. The company highlighted its efforts in sustainability, including reducing plastic waste, promoting recyclability, and conserving water and energy both in its manufacturing facilities and the communities it serves.

Outlook

Looking ahead, the management expects to navigate the current challenges and anticipates a gradual recovery in the second half of the year. The company remains committed to executing its strategic priorities and maintaining its position as a market leader in oral care in India.

Investors and stakeholders can access the full financial results and ESG report on the company's investor website at www.colgateinvestors.co.in .