Karachi February 6 2025: Colgate-Palmolive (Pakistan) Limited profit saw as substantial increase of 31.54% during July to December compared to the previous period, according to company financials.
The company reported a turnover of PKR 77,751 million for the period, reflecting a 7.26% increase compared to the same period last year. This growth was accompanied by a significant improvement in gross margin, which increased by 5.74%. The improvement was primarily driven by lower material costs and stable currency rates. Consequently, net profit after tax (NPAT) and earnings per share (EPS) both saw a substantial increase of 31.54% compared to the previous period.
Colgate remains the market leader in the Oral Care category. The company’s primary focus has been on building consumption by promoting brushing habits at the grassroots level, as well as encouraging the practice of brushing twice a day.
Palmolive has made notable progress in the highly competitive bar soap market. Through a combination of media campaigns and on-ground initiatives, the brand has successfully expanded its market share, further strengthening its position as one of the leading players in the category.
The unorganized sector in the detergent market presents a significant challenge to the growth of the organized sector. Practices such as tax evasion and undocumented invoicing in trade give unorganized players an unfair competitive advantage over compliant companies. Ensuring the enforcement of a level playing field is essential to fostering healthy competition. This situation could potentially distort the market and reduce tax revenue for the government.
