Colgate-Palmolive (India) Ltd. — Interim / Quarterly Report 2022

Oct 25, 2021

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October 25, 2021

The Secretary BSE Limited P.J. Towers – 25[th] Floor Dalal Street Mumbai-400001

Scrip Code: 500830

The Manager – Listing Department National Stock Exchange of India Limited Exchange Plaza, C-1, Block – G Bandra-Kurla Complex Bandra (East), Mumbai 400 051

Symbol: COLPAL Series: EQ

Dear Sir(s)/Madam,

Re: Unaudited Financial Results for the quarter and half year ended September 30, 2021, Declaration of Interim Dividend and Outcome of the Board Meeting

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors at their meeting held today, has, inter alia:

1. Approved the Unaudited Financial Results for the quarter and half year ended September 30, 2021. Please find enclosed herewith the following:

2. Unaudited Financial Results for the quarter and half year ended September 30, 2021;

3. Company's Statement for the above financial results; and

4. Limited Review Report of the Auditors.

5. Declared a first interim Dividend of Rs. 19/- (Rupees Nineteen Only) per equity share of Re.1/- (face value) for the financial year 2021-22. The Record Date for the said interim dividend is Tuesday, November 02, 2021. The said interim dividend will be paid on and from November 22, 2021 to those shareholders whose names appear in the Register of Members of the Company as of November 02, 2021.

6. Approved and recommended the re-appointment of Mr. M. Chandrasekar (DIN:07667965) as Whole-time Director of the Company for a period of 5 consecutive years with effect from January 02, 2022 and approved a Postal Ballot Notice for seeking approval of the shareholders.

Kindly take the above on record.

Thanking you, Yours sincerely, For Colgate-Palmolive (India) Limited

Digitally signed by K RANDHIR K RANDHIR SINGH SINGH Date: 2021.10.25 13:41:48 +05'30'

K. Randhir Singh Company Secretary & Compliance Officer Encl: a/a

COLGATE-PALMOLIVE (INDIA) LIMITED

CIN: L24200MH1937PLC002700 Regd. Office: Colgate Research Centre, Main Street, Hiranandani Gardens, Powai, Mumbai 400 076 Tel.: (022) 6709 5050, Fax: (022) 2570 5088

Website. www.colgatepalmolive.co.in e-mail ID. investors_grievance@colpal.com

Colgate-Palmolive (India) Limited Registered Office : Colgate Research Centre, Main Street, Hiranandani Gardens, Powai, Mumbai 400 076

CIN : L24200MH1937PLC002700 Tel : +91 (22) 6709 5050

STATEMENT OF UNAUDITED RESULTS FOR THE QUARTER AND THE SIX MONTHS ENDED SEPTEMBER 30, 2021

							(Rs. in Lakhs)
	Particulars	Quarter	Quarter	Quarter	Six Months	Six Months	Year
		Ended	Ended	Ended	Ended	Ended	Ended
		September 30, 2021	June 30, 2021	September 30, 2020	September 30, 2021	September 30, 2020	March 31, 2021
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1	Income
	(a) Revenue from operations
	(i) Sales (Refer Note 1)	134,396	115,786	127,766	250,182	231,126	481,048
	(ii) Other Operating Income	846	811	782	1,657	1,484	3,074
	(b) Other Income	651	521	757	1,172	1,385	3,035
	Total Income	135,893	117,118	129,305	253,011	233,995	487,157
2	Expenses
	(a) Cost of materials consumed	35,294	31,073	36,571	66,367	60,796	124,958
	(b) Purchases of stock-in-trade	6,645	8,114	10,383	14,759	18,649	32,359
	(c) Changes in inventories of finished goods, work-in-progress
	and stock-in-trade	2,920	(3,213)	(5,991)	(293)	(3,246)	(2,380)
	(d) Employee benefits expense	10,468	9,498	9,660	19,966	18,728	36,564
	(e) Finance Cost	150	154	182	304	381	726
	(f) Depreciation and Amortisation expense	4,489	4,470	4,611	8,959	9,149	18,250
	(g) Other Expenses
	(i) Advertising	18,530	16,015	16,441	34,545	27,834	62,553
	(ii) Others	21,309	19,588	20,555	40,897	38,122	79,105
	Total Expenses	99,805	85,699	92,412	185,504	170,413	352,135
3	Profit Before Tax (1-2)	36,088	31,419	36,893	67,507	63,582	135,022
4	Tax expense (Refer Note 2)
	i) Current Tax	9,726	8,512	9,456	18,238	16,889	32,573
	ii) Deferred Tax	(555)	(416)	18	(971)	(544)	(1,090)
5	Net Profit for the period (3-4)	26,917	23,323	27,419	50,240	47,237	103,539
6	Other Comprehensive Income (net of Tax)
	Items that will not be reclassified to Profit and Loss
	i) Re-measurement gains on defined benefit plans	-	-	-	-	-	434
	ii) Tax adjustment on above	-	-	-	-	-	(109)
7	Total comprehensive income for the period (5+6)	26,917	23,323	27,419	50,240	47,237	103,864
8	Paid-up Equity Share Capital	2,720	2,720	2,720	2,720	2,720	2,720
	(Face value: Re 1/- per share)
9	Reserve excluding Revaluation Reserve						113,866
10	Basic and Diluted Earnings per share (of Re 1/- each) (not annualised)	9.90	8.58	10.08	18.47	17.37	38.07

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Colgate-Palmolive (India) Limited Registered Office : Colgate Research Centre, Main Street, Hiranandani Gardens, Powai, Mumbai 400 076 CIN : L24200MH1937PLC002700 Tel : +91 (22) 6709 5050

BALANCE SHEET AS AT SEPTEMBER 30, 2021 Particulars ASSETS (1) Non-current Assets (a) Property, Plant and Equipment (b) Capital Work-in-progress (c) Financial Assets i. Investments ii. Loans iii. Other Financial Assets (d) Deferred Tax Assets (Net) (e) Other Non-current Assets (f) Current Tax Assets (Net) Total Non-current assets (2) Current assets (a) Inventories (b) Financial Assets i. Investment ii. Trade Receivables iii. Cash and Cash Equivalents iv. Bank Balances [other than (iii) above] v. Loans vi. Other Financial Assets (c) Other Current Assets Total Current Assets TOTAL ASSETS EQUITY AND LIABILITIES EQUITY (a) Equity Share Capital (b) Other Equity TOTAL EQUITY LIABILITIES (1) Non-current Liabilities (a) Financial Liabilities i. Lease Liabilities ii. Borrowings ii. Other Financial Liabilities (b) Provisions (c) Other Non-Current Liabilities Total Non-current Liabilities (2) Current Liabilities (a) Financial Liabilities i. Lease Liabilities ii. Trade Payables - Total outstanding dues of micro enterprises and small enterprises - Total outstanding dues of creditors other than micro enterprises and small enterprises iii. Other Financial Liabilities (b) Other Current Liabilities (c) Provisions (d) Current Tax Liabilities (Net) Total Current Liabilities TOTAL LIABILITIES TOTAL EQUITY AND LIABILITIES

(Rs. in Lakhs) As at As at September 30, 2021 March 31, 2021 (Unaudited) (Audited) 101,161 106,472 13,507 14,485 - 1,861 148 140 1,803 1,856 1,448 477 966 1,021 25,831 25,831 144,864 152,143 33,768 33,582 1,932 - 12,770 11,708 76,105 29,657 2,961 57,106 10,710 693 538 509 3,891 4,003 142,675 137,258 287,539 289,401 2,720 2,720 164,398 113,866 167,118 116,586 8,122 7,736 - - 124 124 3,701 3,113 49 47 11,996 11,020 - 1,463 1,382 - 724 1,187 78,080 74,857 3,390 58,112 10,271 13,069 8,125 8,105 6,372 5,083 108,425 161,795 120,421 172,815 287,539 289,401

Colgate-Palmolive (India) Limited

Registered Office : Colgate Research Centre, Main Street, Hiranandani Gardens, Powai, Mumbai 400 076 CIN : L24200MH1937PLC002700 Tel : +91 (22) 6709 5050

Unaudited Statement of Cash Flow for the six months ended	September 30, 2021	September 30, 2021
				(Rs. in lakhs)
		Six Months Ended		Six Months Ended
Particulars		September 30, 2021		September 30, 2020
		(Unaudited)		(Unaudited)
Cash flow from Operating Activities:
Profit before Tax			67,507	63,582
Adjustment for:
Unrealised Foreign Exchange Loss			8	230
Depreciation and Amortisation Expenses			8,959	9,149
Lease Rentals received			(124)	(123)
Net loss on disposal of property, plant and equipment			14	-
Interest Income On Financial Assets at Amortized Cost			(880)	(968)
Finance Cost			304	381
Bad Debts Written Off/ Provision for Doubtful Debts			167	8
Bad Debts Recovered			-	(22)
Provisions no Longer Required Written Back			-	(96)
Interest income from Unwinding of discount on security deposits			(27)	(66)
Employee share-based payment expense			541	520
Operating Profit before Working Capital Changes			76,469	72,595
Adjustment for Increase/Decrease in Working Capital:
Increase in Inventories			(186)	(7,013)
Decrease in Financial Assets			52,960	1,837
(Increase)/ Decrease in Other Assets			112	(533)
Increase in Financial Liabilities			3,649	23,123
Decrease in Other Liabilities and Provisions			(2,190)	(950)
Cash Generated from Operations			130,814	89,059
Direct Taxes Paid (Net)			(16,914)	(14,075)
Net Cash Generated from Operating Activities (A)			113,900	74,984
Cash Flow from Investing Activities:
Purchase of Property, Plant and Equipment			(3,809)	(1,560)
Proceeds from disposal of Current Investments			-	3,436
Investment in Inter Corporate and Bank Deposits			(9,926)	-
Lease Rentals received			124	123
Purchase of Non-Current Investments			-	(71)
Interest Received			714	857
Net Cash (used in)/from Investing Activities (B)			(12,897)	2,785
Cash Flow from Financing Activities:
Dividends Paid			(54,145)	(43,149)
Payment of Lease Liabilities			(125)	(643)
Employee share-based payments			(285)	(395)
Net Cash used in Financing Activities (C)			(54,555)	(44,188)
Net increase in Cash and Cash Equivalents (A+B+C)			46,448	33,582
Cash and Cash Equivalents as at April 1			29,657	39,782
Cash and Cash Equivalents as at September 30			76,105	73,364
Bank Balances in:
Current Accounts			1,123	1,250
Deposit Accounts (with less than 3 months original maturity)			74,982	72,114
Cash and Cash Equivalents as at September 30			76,105	73,364

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NEWS RELEASE

Mumbai, October 25 , 2021

Announcement of Results for the Quarter & Six Months Ended September 30, 2021 Colgate Q2 Net Sales up 5.2%

• Q2 2021-22 Net Sales up 16.1% vs Q1 2021-22

• H1 Net Sales up 8.2%

• First Interim Dividend of Rs. 19 per share

Q2 2021-22: Colgate-Palmolive (India) Limited today reported Net Sales growth of 5.2% over the same quarter of previous year aggregating to Rs. 1,344.0 crore for the quarter ended September 30, 2021. Reported Net profit after tax for the quarter was Rs. 269.2 crore as against the Net Profit of Rs. 274.2 crore for the same quarter of the previous year.

H1 2021-22: Net Sales for the six months ended September 30, 2021 was recorded at Rs. 2,501.8 crore, an increase of 8.2% over the same period of the previous year. Net profit for the period was reported as 502.4 crore against the previous period net profit of Rs. 472.4 crore.

Mr. Ram Raghavan, Managing Director at Colgate-Palmolive (India) Ltd, said, “Our overall growth momentum across our brands / categories has shown a consistent trajectory with good recovery on volume growth trends quarter on quarter. Overall penetration trends remain strong and are seeing favourable trends quarter on quarter.

Our commitment to invest behind our brands and innovation remains a critical driver. We see continued strengthening of our brands and recent innovations like Colgate Toothpaste for Diabetics, Vedshakti Mouthspray and the entire Gentle range of toothbrushes continue to gain traction with consumers across platforms.

We continue to deploy engaging and new content to continue this trajectory. Our go-to-market approach continues to see the adoption of new business models and approaches as we look to bring our brands to life across platforms.

DIVIDEND

The Board declared a First Interim Dividend of Rs.19 per share of Re. 1 each (face value) for the Financial Year 2021-22. The dividend payout to the shareholders will be Rs. 516.8 Crore and will be paid on and from November 22, 2021 to those shareholders whose names are on the Register of Members of the Company as on November 2, 2021.

ABOUT COLGATE-PALMOLIVE (INDIA) LTD: Colgate-Palmolive (India) Limited is India’s leading provider of scientifically proven oral care products with multiple benefits at various price points. The range includes toothpastes, toothpowder, mouthwash, toothbrushes and dental gel under the ‘Colgate’ brand. The Company also provides personal care products with its range of shower gels and liquid hand washes under the “Palmolive” brand name. Colgate has been ranked as India’s #1 Most Trusted Oral Care Brand for the ninth consecutive year, from 2011 to 2019, by The Economic Times - Brand Equity - Most Trusted Brands Survey, conducted by Nielsen. To know more about Colgate, please visit www.colgatepalmolive.co.in

12th Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) Mumbai - 400 028, India Tel: +91 22 6819 8000

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PRITESH Digitally signed by PRITESHSHREEPRAKASH MAHESHWARIDN: cn=PRITESH SHREEPRAKASHMAHESHWARI SHREEPRAKASHMAHESHWARI, c=IN, o=Personal,email=pritesh.maheshwari@srb.inDate: 2021.10.25 13:33:03 +05'30'

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Details under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read along with SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015:

Mr. Chandrasekar Meenakshi Sundaram (DIN:07667965):

Sl. No.	Particulars	Details
1	Reason for change viz. appointment, resignation, removal, death or otherwise;	Re-appointment
2	Date of appointmen~~t/cessation~~ (as applicable) & term of appointment;	02.01.2022 For 5 consecutive years
3	Brief profile (in case of appointment);	Mr. Chandrasekar Meenakshi Sunadaram joined Colgate-Palmolive (India) Limited in 1989 in Sales. During his tenure of over 30 years at Colgate, he progressed through increasing levels of responsibility in the Customer Development & Sales function in different regional roles of Colgate-Palmolive (India) Limited leading to the position of Executive Vice- President – Customer Development. Appointed as a Whole-time Director on the Board of Colgate- Palmolive (India) Limited in January 2017. Mr. M. Chandrasekar holds a degree in Bachelor of Science in Mathematics from American College, Madurai.
4	Disclosure of relationships between directors (in case of appointment of a director).	Nil