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Colgate Gains 6%; BSE FMCG Index Up 0.2%
Tue, 30 Jul 9:46

Colgate Gains 6%; BSE FMCG Index Up 0.2%Image source: asbe/www.istockphoto.com

Colgate share price has zoomed 6% and is presently trading at Rs 3,401.2.

Meanwhile, the BSE FMCG index is at 22,686.1 (up 0.2%).

Among the top gainers in the BSE FMCG index today are Tata Coffee (up 3.6%) and VST Industries (up 2.7%).

AVANTI FEEDS (down 1.4%) and Godrej Consumer (down 1.1%) are among the top losers today.

Over the last one year, Colgate has moved up from Rs 1,883.3 to Rs 3,401.2, registering a gain of Rs 1,517.9 (up 80.6%).

On the other hand, the BSE FMCG index has moved up from 19,049.3 to 22,686.1, registering a gain of 19.1% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 146.6%), BOM.BURMAH (up 103.7%) and Emami (up 84.1%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 81,407.3 (up 0.1%).

The top gainers among the BSE Sensex today are NTPC (up 4.3%) and Power Grid Corp. (up 4.0%). The most traded stocks in the BSE Sensex are Power Grid Corp. and NTPC.

In the meantime, NSE Nifty is at 24,883.3 (up 0.2%). Power Grid Corp. and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,707.2 to 81,407.3, registering a gain of 14,700.1 points (up 22.0%).

Colgate Financial Update...

Colgate net profit grew 33.0% YoY to Rs 3,640 million for the quarter ended June 2024, compared to a profit of Rs 2,737 million a year ago. Net sales rose 13.1% to Rs 14,967 million during the period as against Rs 13,237 million in April-June 2023.

For the year ended March 2024, Colgate reported 26.4% increase in net profit to Rs 13,237 million compared to net profit of Rs 10,471 million during FY23. Revenue of the company grew 8.7% to Rs 56,804 million during FY24.

The current Price to earnings ratio of Colgate, based on rolling 12 month earnings, stands at 65.4.


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