Q2 growth, Rs 24 dividend, internal auditor and marketing changes
COLPAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.7 pts less than Nifty Midcap 150 and 4.0 pts less than its Personal Care peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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September-quarter net sales rose 12.2% to Rs 1,692 crore. Net profit was Rs 342 crore; adjusted growth was 5.5%. A Rs 24 interim dividend, Rs 653 crore total, is payable from November 19 to holders on record November 2. Gunjit Jain leaves marketing on November 30 and Akash Parekh succeeds him on December 1. Ragini Gajaria was appointed internal auditor. Members will vote by postal ballot on Manish Anandani as managing director and CEO.
Strong sales growth and the dividend may support sentiment. An internal marketing successor signals continuity, while approval of the CEO role remains pending.