Colgate Palmolive ( India ) Ltd recommended a bonus 1:1

ColgateColgate  Palmolive ( India ) Ltd has recommended a bonus 1:1. Colgate Palmolive (India) Ltd has informed the stock exchange for that the board of directors meeting held on July 30, 2015.

Colgate Palmolive (India) Ltd has considered and recommended a bonus issue of one equity share for every equity share held, as on the record date to be determined by the board.

2015-2016 – Quarter Result : Colgate Palmolive (India) Ltd today reported net sales of Rs 1002.9 Cr for the first quarter of the financial year 2015 – 16. The original growth of the company stands at 8.8%, however due to the phasing out of fiscal benefits in the State of Himachal Pradesh which the company was entitled to impacted the revenue growth to give a reported growth of 5.5% over the same period of the previous year.

Net profit after Tax is up 19.1% which excludes the impact of the phasing out of fiscal benefits and the restructuring cost related to tooth powder manufacturing facility at Aurangabad, Maharashtra. Including the aforesaid impact the reported Net Profit after Tax at 114.3 Cr is down -15.3% with earnings per share of Rs 8.40 for the reported quarter.

The company continued to enhance its leadership position in Toothpaste category by registering a volume market share of 57.9% in Jan-June 2015, an increase of 90 basis points over same period last year. The flagship brands ” Colgate Dental Cream”, “Active Salt”, “Max Fresh” have majorly contributed to this growth. The company further maintained its leadership position in the Toothbrush category by registering a volume market share of 42.7% in period Jan-June 2015

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