Karachi August 3, 2024: Pakistan’s well-known consumer brand, Colgate-Palmolive (Pakistan), recorded its highest-ever sales of PKR 113,231 million during FY24, achieving a five-year compound annual growth rate (CAGR) of 25 percent.
For FY24, the company posted a revenue growth of 24 percent compared to the last five years’ average growth of 26 percent. This growth was slightly lower than the historical average due to rising inflation, which restricted consumer spending.
In dollar terms, the company’s revenue reached USD 400 million, marking an 8 percent increase compared to last year’s USD 368 million.
The five-year CAGR in dollar terms also stood at 8 percent. During FY24, the company’s gross margins increased to 33 percent, up from 29 percent the previous year. The company managed to improve its gross margins despite rising sales and economic challenges.
During FY24, the company posted a profit after tax of PKR 17,292 million, translating to earnings per share of 71.23. The company’s profit posted a five-year CAGR of 38 percent.
Colgate-Palmolive Pakistan is the 5th largest company on the Pakistan Stock Exchange in terms of market capitalization, with a market capitalization of PKR 286 billion (USD 1,029 million) and a 1.16 percent weight in the KSE-100 index.
Colgate-Palmolive (Pakistan) Limited was initially incorporated in Pakistan on December 5, 1977, as a public limited company under the name National Detergents Limited. The company changed its name to Colgate-Palmolive (Pakistan) Limited on March 28, 1990, after entering into a Participation Agreement with Colgate-Palmolive Company, USA. It is listed on the Pakistan Stock Exchange and has its registered office at Lakson Square, Building No. 2, Sarwar Shaheed Road, Karachi, Pakistan. The company is primarily engaged in the manufacture and sale of detergents, personal care, and other related products.
