This Mega market player stock witnessed an unexpected surge; Rallies over 4 per cent!

the company has consistently maintained a robust dividend payout ratio of 101 per cent.

On July 05, 2023, the shares of Colgate-Palmolive India Limited witnessed a significant surge in its shares, skyrocketing by 4.65 per cent. The stock reached a new 52-week high of Rs 1799.95 per share on the BSE. Furthermore, the trading volume of the scrip experienced a substantial increase, exceeding 5.69 times the usual level.

The Sensex and Nifty are currently trading with a mixed sentiment, reflecting a combination of both positive and negative movements in the market. Despite this, Colgate-Palmolive India Limited stirs market sentiments with significant surge in its share prices.

The company has exhibited a commendable track record of achieving a strong return on equity (ROE) with an impressive three-year average ROE of 69.6 per cent. Additionally, the company has consistently maintained a robust dividend payout ratio of 101 per cent, reflecting its commitment to providing attractive returns to shareholders.

Key highlights of the consolidated financial year 2023 (FY23) performance include:

• Total sales amounting to Rs 5,226 crore, reflecting a year-on-year increase of 2.47 per cent compared to FY22.
• The operating profit amounted to Rs 1,047 crore, registering a slight decline of 2.87 per cent compared to FY22.

Colgate-Palmolive India Ltd is dedicated to the production and trading of a diverse range of oral care essentials, encompassing toothpaste, tooth powder, toothbrushes, mouthwash, and an array of meticulously crafted personal care products.

The company has attracted significant buying interest due to its outstanding returns of over 16 per cent in the past year, and it has achieved exceptional multibagger returns of 29 per cent over the last three years, further solidifying its position and trust among investors. 

Investors to keep close eye on this large-cap personal care stock.