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Colgate Palmolive and Tech Mahindra - Quarterly Results
Last Updated: 8th August 2022 - 06:42 pm
Colgate Palmolive Ltd reported 12% growth in sales for Jun-21 quarter at Rs.1,166 crore. However, sales were lower on sequential basis due to supply chains getting impacted by COVID 2.0. Net profits grew 17.69% to Rs.233.23 crore, supported by cost cuts, inventory efficiency gains and selective price hikes. This resulted in a 300 bps improvement in gross margins at 68.9% and 90 bps spurt in EBITDA margins at 30.7%.
Colgate Palmolive Quarterly Results:-
Rs in Crore |
Jun-21 |
Jun-20 |
YOY |
Mar-21 |
QOQ |
Total Income (Rs cr) |
₹ 1,165.97 |
₹ 1,040.62 |
12.05% |
₹ 1,283.19 |
-9.14% |
Net Profit (Rs cr) |
₹ 233.23 |
₹ 198.18 |
17.69% |
₹ 314.66 |
-25.88% |
Diluted EPS (Rs) |
₹ 8.58 |
₹ 7.29 |
₹ 11.57 |
||
Net Margins |
20.00% |
19.04% |
24.52% |
Colgate managed to sustain growth momentum across various product categories. During the quarter Colgate launched its first augmented reality toothbrush, Colgate Magik. Input cost impact was more than 20% but offset by selective price hikes. Net Margins at 20% in Jan-21 were higher than 19.04% NPM in the Jun-20 quarter, albeit lower sequentially due to COVID 2.0 stress.
Tech Mahindra Ltd net revenues for Jun-21 quarter grew 11.98% to Rs.10,198 crore. COVID 2.0 hardly had any impact as sequential revenues were up 4.81%. During the quarter, Tech Mahindra increased its headcount by 5,209 people to 126,263 employees. The two principal business lines of CME and enterprise grew at 12% and 16% respectively. Net profit for the Jun-21 quarter was up 39.18% at Rs.1,353 crore on 44% growth in EBITDA margins.
Tech Mahindra Quarterly Results:-
Rs in Crore |
Jun-21 |
Jun-20 |
YOY |
Mar-21 |
QOQ |
Total Income (Rs cr) |
₹ 10,198 |
₹ 9,106 |
11.98% |
₹ 9,730 |
4.81% |
Net Profit (Rs cr) |
₹ 1,353 |
₹ 972 |
39.18% |
₹ 1,081 |
25.13% |
Diluted EPS (Rs) |
₹ 15.32 |
₹ 11.07 |
₹ 12.26 |
||
Net Margins |
13.27% |
10.68% |
11.11% |
In terms of top line growth, it was led by the technology vertical followed by BFSI, retail and manufacturing in that order. While Americas accounted for 46.7% of revenues, Europe accounted for 27.2% and ROW 26.1%. The onsite share came down from 64% to 62% with the new deals tripling in CME and enterprise space. Tech Mahindra had 1058 active clients against 981 last year with 96% repeat business penetration. Net margins for the quarter were at 13.27% compared to 10.62% in the Jun-20 quarter.
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