Colgate-Palmolive (Pakistan) Limited (COLG): FY24 Corporate Briefing Takeaways – By Taurus Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Gross sales increased to PKR 149Bn in FY24 from PKR 120Bn in FY23 with a YoY increase in the gross margin of 4ppts i.e. from 29% in FY23 to 33% in FY24. A stable currency in FY24 helped COLG maintain and increase its gross margin since 80-85% of its raw materials are imported. Rupee devaluation in FY25 is a key sensitivity for the company.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Net profit increased to PKR 17Bn in FY24 from PKR 10Bn in FY23.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Dividend payout ratio decreased to 80% in FY24 from 90% in FY23</span></li></ul><p></p>