Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹58,001Cr
Rev Gr TTM
Revenue Growth TTM
-2.73%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

COLPAL
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 3.8 | 10.6 | 6.0 | 8.1 | 10.3 | 13.1 | 10.1 | 4.7 | -1.9 | -4.2 | -6.2 | 1.7 |
| 899 | 906 | 989 | 927 | 958 | 988 | 1,122 | 1,007 | 965 | 981 | 1,054 | 1,044 |
Operating Profit Operating ProfitCr |
| 33.5 | 31.6 | 32.8 | 33.6 | 35.7 | 34.0 | 30.7 | 31.1 | 34.0 | 31.6 | 30.6 | 29.7 |
Other Income Other IncomeCr | 18 | -5 | 21 | 18 | 23 | 23 | 76 | 20 | 19 | 18 | 15 | 31 |
Interest Expense Interest ExpenseCr | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Depreciation DepreciationCr | 43 | 44 | 44 | 41 | 42 | 42 | 42 | 41 | 38 | 38 | 37 | 36 |
| 426 | 369 | 458 | 443 | 511 | 489 | 530 | 433 | 478 | 432 | 442 | 436 |
| 110 | 95 | 118 | 113 | 132 | 125 | 135 | 110 | 123 | 111 | 115 | 112 |
|
Growth YoY PAT Growth YoY% | -2.3 | 30.5 | 22.3 | 35.7 | 20.1 | 33.0 | 16.2 | -2.2 | -6.5 | -11.9 | -17.1 | 0.3 |
| 23.4 | 20.7 | 23.1 | 23.6 | 25.5 | 24.3 | 24.4 | 22.1 | 24.3 | 22.4 | 21.6 | 21.8 |
| 11.6 | 10.1 | 12.5 | 12.1 | 14.0 | 13.4 | 14.5 | 11.9 | 13.1 | 11.8 | 12.0 | 11.9 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | -2.9 | 2.9 | 5.2 | 6.5 | 1.4 | 7.0 | 5.3 | 2.5 | 8.7 | 6.3 | -2.3 |
| 3,160 | 2,930 | 3,038 | 3,074 | 3,226 | 3,323 | 3,332 | 3,534 | 3,679 | 3,780 | 4,082 | 4,044 |
Operating Profit Operating ProfitCr |
| 20.6 | 24.3 | 23.7 | 26.6 | 27.7 | 26.6 | 31.2 | 30.7 | 29.6 | 33.5 | 32.4 | 31.5 |
Other Income Other IncomeCr | 33 | 8 | 41 | 26 | 68 | 49 | 30 | 26 | 42 | 57 | 139 | 83 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 3 | 10 | 7 | 6 | 5 | 5 | 4 | 4 |
Depreciation DepreciationCr | 75 | 111 | 133 | 157 | 159 | 198 | 183 | 177 | 175 | 172 | 163 | 149 |
| 780 | 835 | 851 | 983 | 1,143 | 1,043 | 1,350 | 1,409 | 1,410 | 1,781 | 1,930 | 1,788 |
| 221 | 254 | 274 | 310 | 367 | 227 | 315 | 331 | 363 | 458 | 493 | 461 |
|
| | 4.0 | -0.6 | 16.6 | 15.2 | 5.3 | 26.8 | 4.2 | -2.9 | 26.4 | 8.6 | -7.6 |
| 14.0 | 15.0 | 14.5 | 16.1 | 17.4 | 18.0 | 21.4 | 21.1 | 20.0 | 23.3 | 23.8 | 22.5 |
| 20.6 | 21.4 | 21.2 | 24.8 | 28.5 | 30.0 | 38.1 | 39.6 | 38.5 | 48.7 | 52.8 | 48.8 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 14 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 |
| 757 | 1,004 | 1,247 | 1,497 | 1,420 | 1,567 | 1,139 | 1,707 | 1,689 | 1,847 | 1,637 | 1,555 |
Current Liabilities Current LiabilitiesCr | 867 | 943 | 983 | 983 | 1,051 | 870 | 1,618 | 1,082 | 1,085 | 1,239 | 1,277 | 1,512 |
Non Current Liabilities Non Current LiabilitiesCr | 65 | 29 | 54 | 56 | 129 | 140 | 110 | 85 | 82 | 83 | 77 | 83 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 690 | 775 | 856 | 1,061 | 1,010 | 1,012 | 1,373 | 1,483 | 1,548 | 1,904 | 1,763 | 1,953 |
Non Current Assets Non Current AssetsCr | 1,012 | 1,228 | 1,455 | 1,503 | 1,616 | 1,592 | 1,521 | 1,419 | 1,335 | 1,293 | 1,256 | 1,225 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 638 | 689 | 688 | 694 | 983 | 930 | 784 | 1,626 | 1,176 | 1,199 | 1,394 |
Investing Cash Flow Investing Cash FlowCr | -272 | -237 | -342 | -207 | -96 | -19 | 71 | -108 | -8 | 79 | 56 |
Financing Cash Flow Financing Cash FlowCr | -385 | -391 | -341 | -380 | -815 | -891 | -956 | -1,091 | -1,087 | -1,195 | -1,671 |
|
Free Cash Flow Free Cash FlowCr | 339 | 417 | 367 | 485 | 879 | 869 | 727 | 1,576 | 1,107 | 1,123 | 1,323 |
| 114.2 | 118.5 | 119.2 | 103.0 | 126.8 | 113.8 | 75.7 | 150.8 | 112.3 | 90.6 | 97.0 |
CFO To EBITDA CFO To EBITDA% | 77.6 | 73.4 | 72.9 | 62.3 | 79.5 | 77.4 | 51.9 | 103.8 | 76.0 | 63.1 | 71.2 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 27,383 | 22,511 | 27,154 | 28,768 | 34,228 | 34,078 | 42,419 | 41,927 | 40,987 | 73,733 | 65,034 |
Price To Earnings Price To Earnings | 55.1 | 42.8 | 47.0 | 42.7 | 44.1 | 41.7 | 41.0 | 38.9 | 39.1 | 55.7 | 45.3 |
Price To Sales Price To Sales | 6.9 | 5.8 | 6.8 | 6.9 | 7.7 | 7.5 | 8.8 | 8.2 | 7.8 | 13.0 | 10.8 |
Price To Book Price To Book | 35.5 | 21.8 | 21.3 | 18.9 | 23.7 | 21.4 | 36.4 | 24.2 | 23.9 | 39.3 | 39.1 |
| 33.0 | 23.7 | 28.5 | 25.4 | 27.4 | 28.1 | 27.6 | 26.4 | 25.9 | 38.1 | 32.7 |
Profitability Ratios Profitability Ratios |
| 63.1 | 61.8 | 62.9 | 64.5 | 65.1 | 65.2 | 68.0 | 67.3 | 65.7 | 69.7 | 69.9 |
| 20.6 | 24.3 | 23.7 | 26.6 | 27.7 | 26.6 | 31.2 | 30.7 | 29.6 | 33.5 | 32.4 |
| 14.0 | 15.0 | 14.5 | 16.1 | 17.4 | 18.0 | 21.4 | 21.1 | 20.0 | 23.3 | 23.8 |
| 101.3 | 81.0 | 66.8 | 64.5 | 75.1 | 62.1 | 108.0 | 77.8 | 79.2 | 91.8 | 112.1 |
| 72.6 | 56.4 | 45.3 | 44.2 | 53.6 | 51.2 | 88.8 | 62.2 | 61.0 | 70.6 | 86.3 |
| 32.8 | 29.0 | 25.0 | 26.3 | 29.5 | 31.4 | 35.8 | 37.2 | 36.3 | 41.4 | 47.6 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Colgate-Palmolive (India) Limited, with over **87 years of operation** in India, continues to dominate the Indian Fast-Moving Consumer Goods (FMCG) market, particularly in the **oral care sector**, where it maintains **category leadership**. The company is **India’s most penetrated FMCG brand**, present in **90% of households**, and the **most preferred oral care brand**. With a robust portfolio spanning **oral care, personal care, and premium wellness**, the company is strategically driving **premiumization**, **digital transformation**, and **rural and category expansion**.
---
### **Strategic Focus & Growth Pillars (as of Nov 2025)**
Colgate-Palmolive (India)’s growth strategy is anchored on **four key pillars**:
1. **Lead Oral Care Category Growth** – Expand volume through behavior change.
2. **Strengthen Core Brands** – Including Colgate Strong Teeth, MaxFresh, Active Salt.
3. **Science-Led Premiumization** – Through innovation in whitening, gum care, and therapeutic products.
4. **Win in Toothbrushes & Devices** – Drive toothbrush replacement cycles and upscaling.
A parallel growth thrust is building the **Palmolive personal care business** into a strong, value-enhancing revenue stream.
---
### **Product Innovation & Market Expansion**
#### **1. Oral Care Innovation: Bridging Health and Beauty**
- **Colgate Visible White Purple Toothpaste (Launched Sep 2024)**
- Based on **color theory (purple cancels yellow)**, this toothpaste delivers instant *perceived whitening*.
- A **clinical and commercial success**, it has become one of the company’s **most successful innovations in a decade**.
- Achieved **3% market share on e-commerce within months** and is now available across modern trade and quick commerce.
- Priced competitively: **INR 190 (100+20g)** and **INR 370 (200+40g)**.
- **Colgate Visible White Purple Serum (Launched Oct 2025)**
- Complements the Purple Toothpaste, forming an **“easy, effective” oral beauty duo**.
- Targets **yellow tones** and enhances **brightness**, appealing to younger, image-conscious consumers.
- Priced at **INR 800 for 40ml**, sold on **Amazon, Flipkart, Nykaa**, etc.
- Supported by **"Pump, Purple, Smile" campaign**—a social-first strategy leveraging **influencers and digital storytelling**.
- **Colgate Total Brand Reinvention (Relaunched Jun 2025)**
- Repositioned as a **premium health & wellness brand** with a new **gold-accented, white-based identity**.
- New flagship: **Colgate Total Advanced Health** with **24-hour dual zinc & arginine protection**.
- Relaunched with **lower entry price of INR 80** to boost accessibility and adoption. Now growing **3–4x faster than the category**.
- **MaxFresh Sensorial Range (Launched Jan 2025)**
- Features **heart-shaped cooling crystals and 10X longer-lasting cooling**.
- Targets **Gen Z**, repositioning brushing as **self-care**, available **exclusively on e-commerce** initially, now expanding to modern trade.
- **MaxFresh Blue and Rainbow variants** command a **40% premium**, driving price ladder movement.
- **AI-Powered Dental Screening Tool (Launched Jun 2025)**
- Accessible via **WhatsApp and web in 9 Indian languages**.
- Over **4.5 million users** completed a 3-step oral health assessment.
- About **1 in 6 users visited a dentist**, supported by **Indian Dental Association (IDA)**.
- Campaign reach: **550 million**, including Kumbh Mela activation.
- **Professional Channel & Therapeutics**
- Partners with **50,000+ dentists**; **Periogard** regimen (mouthwash, toothpaste) launched via **dental clinics**.
- **Visible White Overnight Whitening Pen** distributed via **dentists and DentistFirst**, its B2B platform.
#### **2. Toothbrush Portfolio: Regime-Based Solutions**
- **Regime Pairing**: Toothpaste-toothbrush matching (e.g., Whitening Paste + Whitening Brush).
- **Premiumization Focus**:
- 78% of toothbrushes sold below INR 40, with **long replacement cycles** (6 months urban, 15 months rural).
- Opportunity to shorten cycles and shift to **premium brushes** (INR 30–130).
- **Flagship Innovations**:
- **ZigZag**: Relaunched with **deep-cleaning focus**; now Colgate’s **fastest-growing core brand**.
- **Colgate Gentle**: Grew **4x faster** than category; dominates **sensitive-bristle market**.
- **Electric Toothbrushes & Devices**: ProClinical range expanding, supported by **D2C platform (cpbrush.co.in)**.
#### **3. Palmolive: Expanding the Personal Care Footprint**
- **Palmolive Moments Body Wash (Launched Sep 2025)**
- A **sensorial bathing experience** with **three occasion-based variants**:
- *Mindful Awake*, *Workout Fresh*, *Restful Sleep*.
- Features **VivaScentz™ and MoodScentz™** for mood enhancement.
- pH-balanced, paraben-free, and **fragrance lasts up to 8 hours**.
- **750ml pack at INR 660**, sold on **Amazon, Flipkart, Nykaa, Blinkit, BigBasket**.
- Strategic push to leverage **60–65% brand awareness** in personal care, where **body wash penetration remains low** (2–3%).
---
### **Scientific R&D & Innovation Ecosystem**
- **Global Technology Center in Mumbai**: One of Colgate’s largest globally, housing **900+ scientists & engineers**.
- Supports **localization, clinical trials, IP creation**, and **750+ quality specialists**.
- Files **>900 patents/year**; has **>130 patents for Colgate Total**.
- Partnerships with **global clinical groups and IDA** for joint research.
---
### **Digital & Supply Chain Transformation**
#### **AI & Machine Learning in Operations**
- **Smile Stores**: AI-ML tool optimizing **SKUs to 1.7 million stores**; drives **11% CAGR in assortment growth**.
- **AmaZing**: Image recognition tech ensures **planogram compliance** in Modern Trade; reduces merchandiser workload, increases sales 2x in compliant stores.
- **AI for Demand Forecasting & Manufacturing**: Digital twins used for predictive maintenance, improved output.
#### **Digital Commerce & Quick Commerce**
- **E-commerce Contribution**: Now **>19% of business**; growing **8x faster than traditional channels**.
- Expansion into **Blinkit, Swiggy Instamart, Big Basket** to meet demand for **under-30-minute delivery**.
- **D2C Platform (cpbrush.co.in)**: Focus on **consumer education**, device sales, and **dentist referrals**.
---
### **Consumer Engagement & Brand Building**
- **Marketing Mix**:
- High investment in **digital media, influencer marketing, and omnichannel campaigns**.
- Campaign for **Purple Toothpaste (feat. Rashmika Mandanna)** garnered **60M+ organic views**.
- QR code on **800 million packs** enables **free AI dental risk report**.
- **Celebrity Partnerships**:
- **Sarah Ali Khan (Colgate Purple)**, **Ranveer Singh (MaxFresh Charcoal)**, **Virat Kohli (Super Flexi Virat Pack)**.
---
### **Sustainability, CSR & Market Expansion**
- **Bright Smiles, Bright Futures (BSBF)**:
- Reached **185 million+ children and families**.
- Active in **23,000 schools**; government partnerships in **UP, Goa, AP**.
- Aims to **build lifelong brushing habits**, expanding market size.
- **Rural Strategy**:
- **Wall paintings in 70,000+ villages** (Colgate Strong Teeth).
- Distribution doubled in rural areas; **smaller packs** (e.g., INR 10 tubes) for affordability.
- **Inclusive Portfolio**: Serves **all SEC groups**, from **INR 10 to INR 800**, ensuring **no consumer drop-off**.
---
### **Financial & Competitive Performance (2024–25)**
- **Whitening Segment**: Penetration at **<2% (vs. 25% in US)** – massive untapped opportunity.
- **Colgate Total**: Grew **3–4x faster** than market; expanded from **30K to 300K outlets**.
- **Premiumization Impact**:
- Premium brands growing at **2x the rate of overall category**.
- **Super premium oral care** growing at **double-digit CAGR**.
- **Market Share**:
- Toothpaste: **#1 brand, 3x larger than #2 player**.
- Toothbrushes: **#1 brand**, nearly **1.5x larger than closest competitor**.
---
### **Challenges & Opportunities**
| **Challenges** | **Opportunities** |
|----------------|-------------------|
| Low per capita toothpaste consumption (urban: 0.7x Philippines; rural: 0.5x) | **3x growth potential** vs. Brazil |
| Low brushing frequency (rural: 55% don’t brush daily) | Drive **behavior change** via education |
| Only **9% of Indians visit dentists annually** | Grow **therapeutic / B2B segment**, dentist partnerships |
| Under-penetration in **ayurvedic & natural segment** | Launch **Vedshakti, combine science + Ayurveda** |
| 78% toothbrushes priced <INR 40 | **Pricing ladder movement** via innovation |
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