Colgate Palmolive and Tech Mahindra - Quarterly Results

Colgate Palmolive and Tech Mahindra - Quarterly Results
30/07/2021

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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