Colgate-Palmolive shares up 0.03% as Nifty gains

NEW DELHI: Shares of Colgate-Palmolive (India) Ltd. traded 0.03 per cent up in Monday's trade at 01:19PM (IST). Around 5,106 shares changed hands on the counter.

The stock opened at Rs 2282.3 and touched an intraday high and low of Rs 2300.0 and Rs 2270.0, respectively, in the session so far. Shares of the company of Colgate-Palmolive (India) Ltd. quoted a 52-week high of Rs 2347.9 and a 52-week low of Rs 1434.6.

Total market cap of the Colgate-Palmolive (India) Ltd. stood at Rs 62430.22 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 1492.1 crore for the quarter ended 30-Sep-2023, up 11.46 per cent from previous quarter's Rs 1338.64 crore and up 6.67 per cent from the year-ago quarter's Rs 1398.76 crore.

The net profit for latest quarter stood at Rs 340.05 crore, up 22.31 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Sep-2023, DIIs held 2.36 per cent stake in the company, while foreign institutional investors held 24.08 per cent and the promoters 51.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 53.21 and a price-to-book ratio of 23.88. 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.