After the Q4 results, should you buy, sell, or keep Colgate Palmolive shares? The dividend is Rs 36 per share.

Dividend from Colgate Palmolive: A second interim dividend of Rs 26 has been issued by Colgate Palmolive India for each share valued at Re 1. A one-time special interim dividend of Rs 10 per share has also been declared by the company’s board in recognition of the “excellent performance” for 2023–2024.

Price of Colgate-Palmolive shares Colgate-Palmolive dividend, Q4 results for Colgate-Palmolive India, and the NSE today: On Wednesday, May 15, Colgate-Palmolive India shares were down even though the manufacturer of personal hygiene products reported better-than-expected results for the March quarter, driven by double-digit growth in toothpaste sales. The stock dropped as much as 5.49 percent in the morning, hitting the day’s low of Rs 2,665.05 on the NSE.bargains. On the NSE, the stock ended the day at Rs 2,673, down 5.21 percent.

Q4 results for Colgate Palmolive India

Colgate-Palmolive India announced on Tuesday that its profit after tax (PAT) for the March quarter increased by 20.1% to Rs 379.8 crore.

In the corresponding quarter of last year, Colgate-Palmolive (India) reported a profit and loss of Rs 316.2 crore.

The toothpaste category had double-digit growth, which drove the company’s 9.5% domestic growth. It stated that strong performance in FY24 was attained by effectively carrying out strategic goals, including premiumization through science-based innovation, growth acceleration in the core portfolio, propelling toothbrush category growth, and expanding the personal care category.

Management Thoughts

According to Prabha Narasimhan, Managing Director & CEO of Colgate-Palmolive (India), “From a geography perspective, our rural business has grown faster than urban and we continue to see strong performance in modern trade and e-commerce platforms.”

Regarding the future, Narasimhan stated, “We are optimistic about the market recovery, the ongoing development of our strong brand, and a robust innovation pipeline, which will include the introduction of a first-of-its-kind ‘Tooth Whitening Booster’ under the ‘Visible White’ range in the coming year.”

Citi keeps its ‘Sell’ rating for Colgate Palmolive shares.

With a target price of Rs 2,200, Citi has maintained a sell call on Colgate-Palmolive India.

Dividend from Colgate Palmolive

A second interim dividend of Rs. 26 has been declared by Colgate-Palmolive India for each share valued at Re 1.

Special dividend for Colgate-Palmolive

Furthermore, in recognition of the “excellent performance” for 2023–24, Colgate-Palmolive India has announced a one-time special interim dividend of Rs 10 per share.

According to the statement, the stockholders would get a dividend payout of Rs 979.2 crore.

Account opning link:

1. Groww Account- https://app.groww.in/v3cO/kyrp1zph
2. Kotak neo Account https://kotaksecurities.ref-r.com/c/i/32531/109103906