Colgate-Palmolive share price: Colgate-Palmolive shares up 1.21% as Nifty gains

NEW DELHI: Shares of (India) Ltd. traded 1.21 per cent up in Thursday’s trade at 12:12PM (IST). Around 6,369 shares changed hands on the counter.

The scrip opened at Rs 1754.1 and touched an intraday high and low of Rs 1780.2 and Rs 1754.1, respectively, in the session so far. The stock of Colgate-Palmolive (India) Ltd. quoted a 52-week high of Rs 1786.0 and a 52-week low of Rs 1322.8.

Total market cap of the Colgate-Palmolive (India) Ltd. stood at Rs 48310.09 crore at the time of writing this report.


Key Financials

The company reported consolidated sales of Rs 1289.81 crore for the quarter ended 31-Mar-2021, up 3.87 per cent from previous quarter’s Rs 1241.81 crore and up 18.23 per cent from the year-ago quarter’s Rs 1090.9 crore.

The net profit for latest quarter stood at Rs 314.66 crore, up 54.13 per cent from the corresponding quarter last year.

Shareholding pattern

As of 30-Jun-2021, DIIs held 2.57 per cent stake in the firm, while foreign institutional investors held 18.61 per cent and the promoters 51.0 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 46.66 and a price-to-book ratio of 36.38. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Colgate-Palmolive (India) Ltd. belongs to the Personal Care industry.

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