Colgate-Palmolive shares up 1.02% as Nifty gains

NEW DELHI: Shares of Colgate-Palmolive (India) Ltd. traded 1.02 per cent up in Monday's trade at 10:25AM (IST). Around 5,166 shares changed hands on the counter.

The scrip opened at Rs 1584.85 and touched an intraday high and low of Rs 1603.3 and Rs 1581.75, respectively, in the session so far. The stock of Colgate-Palmolive (India) Ltd. quoted a 52-week high of Rs 1695.0 and a 52-week low of Rs 1375.55.

Total market cap of the Colgate-Palmolive (India) Ltd. stood at Rs 43468.74 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 1398.76 crore for the quarter ended 30-Sep-2022, up 15.76 per cent from previous quarter's Rs 1208.35 crore and up 2.93 per cent from the year-ago quarter's Rs 1358.93 crore.

The net profit for latest quarter stood at Rs 278.02 crore, up 3.29 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Sep-2022, domestic institutional investors held 1.73 per cent stake in the company, while foreign institutional investors held 18.7 per cent and the promoters 51.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 40.87 and a price-to-book ratio of 27.81. 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.