Latest news with #PrabhaNarasimhan
Time of India
23-05-2025
- Business
- Time of India
Over two-thirds of urban Indians face financial stress, slowing demand for Oral Care products: Colgate-Palmolive CEO Prabha Narasimhan
Colgate-Palmolive India managing director and CEO Prabha Narasimhan on Thursday said more than two-thirds of urban Indian consumers are facing financial stress, leading to a slowdown in overall consumer demand, including for oral care products. While 30% urban consumers are resilient, the rest are delaying purchases of daily household and personal products, she said. "The bottom 70% of urban under pressure, and that pressure is leading to an impact on oral health volumes, as much as it is leading to impact on various other categories (and) FMCG volume," Narasimhan told analysts at an earnings call after the firm's March quarter results. She expects a revival in the second half of FY26. "Rural (India) continues to look like a real bright spot. So, we see this getting sequentially better, and particularly towards the back half of this year," she said. The company behind the eponymous toothpaste brand controls half the oral care segment in the country. Consumers are still not shifting to lower-priced products and are instead extending their product usage a little longer, Narasimhan told analysts. "Consumers don't stop buying or using toothpaste. The way to adjust how much you spend on this category is actually by adjusting how much toothpaste you put on your toothbrush, and therefore the titration downwards of that usage is what leads to a decline in volume," she explained. "We are not actually seeing downtrading in the market, and the reason for the slowing volume growth is actually consumers titrating the amount of toothpaste that they use. So, it's not that consumers drop out of the category. The overall penetration of the toothpaste category remains at its near universal level. It doesn't wobble." Narasimhan expects the macro indicators and the company's interventions through new innovations to help reverse the slowdown in demand. Colgate-Palmolive on Wednesday reported a 2% year-on-year fall in its revenue for the quarter ended March, while its net profit declined 7%. Demand for daily groceries and other household and personal products worsened to a two-year low during the March quarter, indicating delayed turnaround for India's fast-moving consumer goods (FMCG) sector. Global research firm Kantar said FMCG volume sales growth in the January-March quarter was 3.5%, slowest since the 2023 March quarter. A year ago, the market had grown 5.5% during the same quarter. Earlier this year, Colgate had said India was the most prominent market globally to experience fierce competition among consumer goods companies, marked by steep discounting to attract urban shoppers.
Time of India
22-05-2025
- Business
- Time of India
Over two-thirds of urban Indians face financial stress, slowing demand for Oral Care products: Colgate-Palmolive CEO Prabha Narasimhan
Colgate-Palmolive India managing director and CEO Prabha Narasimhan on Thursday said more than two-thirds of urban Indian consumers are facing financial stress, leading to a slowdown in overall consumer demand, including for oral care products. While 30% urban consumers are resilient, the rest are delaying purchases of daily household and personal products, she said. "The bottom 70% of urban under pressure, and that pressure is leading to an impact on oral health volumes, as much as it is leading to impact on various other categories (and) FMCG volume," Narasimhan told analysts at an earnings call after the firm's March quarter results. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Man Fights Nail Fungus for 15 Years…Until He Found This New Brush-On "Pen" Lunavia Learn More Undo She expects a revival in the second half of FY26. "Rural (India) continues to look like a real bright spot. So, we see this getting sequentially better, and particularly towards the back half of this year," she said. The company behind the eponymous toothpaste brand controls half the oral care segment in the country. Live Events Consumers are still not shifting to lower-priced products and are instead extending their product usage a little longer, Narasimhan told analysts. "Consumers don't stop buying or using toothpaste. The way to adjust how much you spend on this category is actually by adjusting how much toothpaste you put on your toothbrush, and therefore the titration downwards of that usage is what leads to a decline in volume," she explained. "We are not actually seeing downtrading in the market, and the reason for the slowing volume growth is actually consumers titrating the amount of toothpaste that they use. So, it's not that consumers drop out of the category. The overall penetration of the toothpaste category remains at its near universal level. It doesn't wobble." Narasimhan expects the macro indicators and the company's interventions through new innovations to help reverse the slowdown in demand. Colgate-Palmolive on Wednesday reported a 2% year-on-year fall in its revenue for the quarter ended March, while its net profit declined 7%. Demand for daily groceries and other household and personal products worsened to a two-year low during the March quarter, indicating delayed turnaround for India's fast-moving consumer goods (FMCG) sector. Global research firm Kantar said FMCG volume sales growth in the January-March quarter was 3.5%, slowest since the 2023 March quarter. A year ago, the market had grown 5.5% during the same quarter. Earlier this year, Colgate had said India was the most prominent market globally to experience fierce competition among consumer goods companies, marked by steep discounting to attract urban shoppers.
Business Standard
22-05-2025
- Business
- Business Standard
Colgate tanks as Q4 PAT slides 7% YoY to Rs 355 cr; declares dividend of Rs 27/sh
Colgate-Palmolive (India) tanked 4.55% to Rs 2,537.55 after the company's standalone net profit declined 6.53% to Rs 355 crore in Q4 FY25 as against Rs 379.82 crore posted in Q4 FY24. Revenue from operations fell 1.93% year on year (YoY) to Rs 1,452 crore in the quarter ended 31 March 2025. Profit before tax (PBT) stood at Rs 477.62 crore in the fourth quarter of FY25, down 6.59% from Rs 511.36 crore posted in the same period a year ago. Total expense rose 0.26% year on year to Rs 1,004 crore during the quarter. The cost of raw materials consumed stood at Rs 386.47 crore (down 0.32% YoY), while employee benefits expense was at Rs 107.27 crore (up 7.35% YoY) during the period under review. On a full year basis, the companys net profit rose 8.54% to Rs 1,436.8 crore on 6.28% increase in revenue from operations to Rs 5,999.2 crore in FY25 over FY24. During this quarter, Colgate has relaunched its flagship product, Colgate Strong Teeth Toothpaste, offering a superior sensory experience in key markets. The toothpaste is enriched with Colgate World of Care Arginine technology, providing a calcium boost that makes teeth 2X stronger. Additionally, the company introduced Colgate Total Plaque Release Toothpaste, featuring advanced Amino Foam and Zinc technology. This new formula works deep along the gumline, removing 3X more plaque and strengthening gums for improved oral health. Prabha Narasimhan, Managing Director & CEO of Colgate-Palmolive (India), said, In FY25, the company achieved a 6.3% year-on-year increase in topline revenue, with Toothpaste recording mid-single-digit value growth. The operating environment proved challenging in the second half of the year, primarily due to softening urban demand and intensified competition, which impacted Q4 performance. Despite these headwinds, we remain steadfast in our commitment to our strategic priorities. Our Toothbrush portfolio delivered another year of robust growth. Our margin profile remains healthy and resilient, underpinned by effective execution of our Funding The Growth program. We continue to capitalize on our solid margin position by reinvesting in the business. Looking forward, while we anticipate continued near-term macro headwinds, we expect to see a gradual recovery in market conditions in the latter part of the year. Meanwhile, the board has declared a second interim dividend of Rs 27/- per share, with a face value of Re. 1 each. The total dividend payout to shareholders will amount to Rs 734 crore and is scheduled to be paid on or after 16 June 2025, to shareholders whose names appear on the register of members of the company as of 28 May 2025. The total dividend for the financial year 2024-25 will be Rs. 51/- per share. Colgate-Palmolive (India) provides oral care products under the Colgate brand. It also provides personal care products under the 'Palmolive' brand name.
Time of India
22-05-2025
- Business
- Time of India
Colgate-Palmolive (India) Q4 Results: Profit down 6% at Rs 355 crore
Colgate-Palmolive (India) Ltd on Wednesday reported a 6 per cent decline in net profit to Rs 355 crore in the fourth quarter ended March 31, 2025, impacted by lower sales. The company had posted a net profit of Rs 379.82 crore in the corresponding quarter of the previous fiscal, Colgate-Palmolive (India) Ltd said in a regulatory filing. Total income in the fourth quarter stood at Rs 1,481.57 crore as against Rs 1,512.66 crore, it added. For the quarter, the company reported net sales of Rs 1,452 crore as compared to Rs 1,481 crore in the same period of the previous fiscal. Total expenses were marginally higher at Rs 1,003.95 crore compared to Rs 1,001.3 crore in the year-ago period. Net profit after tax for 2024-25 grew by 8.5 per cent to Rs 1,437 crore from Rs 1,324 crore in the previous year, the company said. FY25 net sales were at Rs 5,999 crore compared to Rs 5,644 crore in FY24, it added. "In FY25, the company achieved a 6.3 per cent year-on-year increase in topline revenue, with toothpaste recording mid-single-digit value growth. The operating environment proved challenging in the second half of the year, primarily due to softening urban demand and intensified competition, which impacted Q4 performance," Colgate-Palmolive (India) Ltd Managing Director & CEO Prabha Narasimhan said. Looking forward, she said, "While we anticipate continued near-term macro headwinds, we expect to see a gradual recovery in market conditions in the latter part of the year." The company said its board declared a second interim dividend of Rs 27 per share of Re 1 each. The dividend payout to the shareholders will be Rs 734 crore and will be paid on or after June 16, 2025. The total dividend would be Rs 51 per share for 2024-25, it added. Shares of the company closed higher by 1.06 per cent at Rs 2,658.50 on BSE on Wednesday.
Business Upturn
22-05-2025
- Business
- Business Upturn
Colgate-Palmolive shares decline nearly 4% as Q4 net profit drops 6.5%, misses street estimates
By Aditya Bhagchandani Published on May 22, 2025, 09:22 IST Shares of Colgate-Palmolive (India) Ltd fell 3.97% to ₹2,553.70 on Thursday, following the announcement of its Q4FY25 results which showed weaker-than-expected earnings. The stock had closed at ₹2,659.30 in the previous session. The company's net profit for the quarter ended March 31, 2025, declined 6.5% year-on-year to ₹355 crore, missing CNBC-TV18's estimate of ₹358 crore. The fall in profits was attributed to softening urban demand and intensifying competition. Revenue also dipped 1.9% YoY to ₹1,462.5 crore, lower than the expected ₹1,527 crore. EBITDA for the quarter came in at ₹498 crore, a 6.4% drop compared to ₹532.2 crore in the same period last year. EBITDA margin narrowed to 34% from 35.7% YoY, though it exceeded the analyst forecast of 32.6%. Despite the weak Q4 showing, the company posted a healthy performance for the full fiscal year. Net sales for FY25 rose 6.3% YoY to ₹5,999 crore, and net profit grew 8.5% to ₹1,437 crore. Domestic sales increased 5.6%, with toothpaste reporting mid-single-digit value growth and toothbrush sales maintaining momentum. The board declared a second interim dividend of ₹27 per share, bringing the total FY25 dividend to ₹51 per share. The dividend payout of ₹734 crore will be made on or after June 16, 2025, with May 28, 2025, as the record date. CEO Prabha Narasimhan acknowledged Q4 headwinds but reaffirmed the company's strategic direction. 'Despite short-term macroeconomic pressures, we remain steadfast in our commitment to strategic priorities,' she stated, emphasizing continued reinvestment through the 'Funding the Growth' initiative. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
