Colgate Palmolive Ltd, India March quarter earnings (Q4FY21) have exceeded analysts’ expectations by a good margin. Its earnings before interest, tax, depreciation and amortization (Ebitda) increased as much as 60 per cent year-on-year to nearly Rs 422 crore. For perspective, analysts at Kotak Institutional Equities were expecting Colgate to report an Ebitda of Rs 377 crore for the quarter.
As such, Colgate’s Ebitda margin has been the key surprise element, rising by 833 basis points year-on-year to 32.9 per cent. Note that Colgate’s Ebidta margin stood at 30.1 per cent in the December quarter. One basis point is one-hundredth of a percentage point.
Stock Covered in the news