Colgate Palmolive (India) Limited has informed the Exchange regarding Change in Auditors of the company.
COLPAL · price
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Colgate-Palmolive (India) reported FY25 net sales of Rs. 5,999 crore, up 6.3% year-on-year, with net profit rising 8.5% to Rs. 1,437 crore. Q4 net sales dipped 1.9% to Rs. 1,452 crore, while Q4 net profit stood at Rs. 355 crore. The Board declared a second interim dividend of Rs. 27 per share, taking the total FY25 dividend to Rs. 51 per share. The statutory auditor M/s. S R B C & CO LLP issued an unmodified opinion on the financial results. Additionally, the Board appointed M/s. Dholakia & Associates LLP as the new Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval. The 84th AGM is scheduled for July 22, 2025.
The headline about 'Change in Auditors' refers to the appointment of a new Secretarial Auditor, not a change in the statutory auditor (S R B C & CO LLP continues). Steady profit growth and consistent dividends are positive for shareholders, though the Q4 sales decline signals some near-term demand softness in urban markets.