Colgate-Palmolive India Ltd’s shares experienced a significant decline, falling by 3.68% on the Bombay Stock Exchange (BSE) to close at ₹3,366.50. The company’s market capitalization stands at approximately ₹91,563.96 crore.
Key Financial Metrics:
- Return on Equity (ROE): 75.44%
- Price-to-Earnings (PE) Ratio: 64.76
- Returns: The stock has generated impressive returns of 114% over the last two years.
Recent Dividend Declaration:
In March 2024, Colgate-Palmolive announced a second interim dividend of ₹26 per equity share and a one-time special interim dividend of ₹10 per share, driven by strong financial performance. The shares traded ex-dividend at ₹36 per share on May 22, 2024.
Upcoming Board Meeting:
The Board of Directors is scheduled to meet on October 24, 2024, to review the unaudited financial results for the second quarter and half-year ended September 30, 2024. They will also consider the declaration of an interim dividend. The record date for this dividend, if declared, is set for November 4, 2024.
Share Performance:
- 52-week high: ₹3,893.00 (as of October 4, 2024)
- 52-week low: ₹2,003.65 (as of October 27, 2023)
- In the last six months, the shares have surged by 25%, increased by 36% in 2024, gained 63% over the past year, and provided a return of 100% over the last three years.
Dividend History:
Colgate-Palmolive has declared a total of 63 dividends since July 25, 2001, with an equity dividend of ₹58.00 per share in the past year. Currently, at the share price of ₹3,366.50, the dividend yield is 1.72%.
Recent Financial Results:
For the quarter ending March 2024, Colgate-Palmolive reported a 20.11% increase in consolidated net profit, reaching ₹379.82 crore compared to the same period last year. The company’s revenue also rose by 10.4% year-on-year to ₹1,481 crore.
Advertising Investment:
In response to its strong financial performance, Colgate-Palmolive increased its advertising spending by 18%, totaling ₹168.9 crore during the quarter.
Company Overview:
Colgate-Palmolive India Ltd is a major player in the FMCG sector, manufacturing and distributing a wide range of consumer products across personal care, oral care, home care, and pet nutrition segments. The company has a rich history, originating from a small soap and candle business established in New York City over 200 years ago, now serving millions of consumers globally.
Disclaimer: The information provided in this report is for informational purposes only and should not be considered financial advice or a recommendation to buy or sell any securities. Investment decisions should be based on thorough research and consultation with a qualified financial advisor. Past performance is not indicative of future results, and the value of investments may fluctuate. Colgate-Palmolive India Ltd’s stock performance, financial results, and dividend declarations are subject to market conditions and company performance.
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