Colgate reports strong Q4FY18 results

Colgate Palmolive reported strong quarterly results with robust operating profit and bottom-line. For the full year ended March 2018, the results were steady with choppy top-line.

The total revenue for the quarter declined by 7.4 per cent yoy to Rs. 1,085 crore in Q4FY18 as against Rs. 1,172 crore in Q4FY17. The revenue grew by 5.7 per cent qoq from Rs. 1,027 crore. For the full year, the company's revenue declined by 4.2 per cent to Rs. 4,300 crore in FY18.

The EBITDA for the quarter rose by 26.2 per cent to Rs. 301 crore in Q4FY18 as against Rs. 239 crore in Q4FY17.This was largely due to lower stock purchase expensed to Rs. 54.24 crore in Q4FY18 as against Rs. 104.2 crore in Q4FY17. Further, the margins for the quarter also expanded by 740 bps to 27.8 per cent in Q4FY18. For the full year, the company's EBITDA grew by 18.7 per cent yoy.

The adjusted net profit for the quarter rose by 26.5 per cent yoy to Rs. 197 crore in Q4FY18 as against Rs. 143 crore in Q4FY17 and Rs. 171 crore in Q3FY18. The company recorded one-time exceptional expenses of Rs. 11.65 crore.

The full year profit for the year grew by 16.6 per cent to Rs. 673 crore in FY18 vs Rs. 577 crore in FY17. Further, the company declared fourth interim dividend of Rs. 11 per share.

On Monday, the stock is trading flat to negative at Rs. 1,217 per share.