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Colgate Plunges 3%; BSE FMCG Index Down 2.6%
Thu, 24 Oct 13:23

Colgate Plunges 3%; BSE FMCG Index Down 2.6%Image source: ThinkNeo/www.istockphoto.com

Colgate share price has plunged 3% and is presently trading at Rs 3,224.0.

Meanwhile, the BSE FMCG index is at 21,316.6 (down 2.6%).

Among the top losers in the BSE FMCG index today are Hindustan Unilever (down 6.4%) and Nestle (down 4.2%).

BOM.BURMAH (up 5.9%) and JYOTHY LABS (up 2.4%) are among the top gainers today.

Over the last one year, Colgate has moved up from Rs 2,075.7 to Rs 3,224.0, registering a gain of Rs 1,148.3 (up 55.3%).

On the other hand, the BSE FMCG index has moved up from 18,541.7 to 21,316.6, registering a gain of 15.0% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 224.2%), BOM.BURMAH (up 100.7%) and RADICO KHAITAN (up 92.2%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 80,064.6 .

The top losers among the BSE Sensex today are Hindustan Unilever (down 6.4%) and Nestle (down 4.2%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,401.9 (down 0.1%). Hindustan Unilever and SBI LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,064.6, registering a gain of 15,492.7 points (up 24.0%).

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 62.0.

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