Q2 Results Updates: Colgate Palmolive Profit Falls, Declares Dividend; HUL Revenue Rises 2%

The Q2 earnings season is in full swing, with several top Indian companies declaring their financial results for the quarter ended September 2023. In this article, we will provide an overview of the Q2 results of some key companies, including Colgate Palmolive, HUL, and Bharti Airtel, and analyze their implications for Indian investors.

Colgate Palmolive Q2 Results: Profit Falls, Declares Dividend

Colgate Palmolive, one of India’s leading consumer goods companies, has declared its Q2 results, reporting a fall in profit. The company’s net profit declined to Rs 192.5 crore, compared to Rs 201.4 crore in the same quarter last year. However, the company has declared an interim dividend of Rs 17 per share, which is a positive development for investors.

Despite the fall in profit, Colgate Palmolive’s revenue from operations rose 2% to Rs 1,242.4 crore, driven by a 3% growth in the oral care segment and a 2% growth in the personal care segment. The company’s EBITDA margin expanded 120 basis points to 25.4%, driven by cost-saving initiatives and a favorable mix of products.

HUL Q2 Results: Revenue Rises 2%

Hindustan Unilever Limited (HUL), another leading consumer goods company, has reported a 2% rise in revenue to Rs 13,646 crore, driven by a 3% growth in the beauty and personal care segment and a 2% growth in the foods segment. The company’s net profit rose 12% to Rs 2,302 crore, driven by a 140 basis point expansion in the EBITDA margin to 25.1%.

HUL’s results were driven by a strong performance in the rural markets, where the company saw a 5% growth in volume. The company’s urban business also saw a 2% growth in volume, driven by a strong performance in the FMCG sector.

Bharti Airtel Q2 Results: Company to Report on November 3

Bharti Airtel, one of India’s leading telecom companies, is set to report its Q2 results on November 3. The company’s results are expected to be driven by a strong performance in the telecom sector, where the company has seen a significant growth in subscriber base and revenue.

Sagar Cements Q2 Results: Revenue Up 26.7%

Sagar Cements, a leading cement company, has reported a 26.7% rise in revenue to Rs 602 crore, driven by a strong performance in the cement sector. The company’s net loss narrowed to Rs 42.3 crore, compared to a loss of Rs 55.6 crore in the same quarter last year.

Sagar Cements’ results were driven by a strong performance in the southern region, where the company saw a significant growth in sales volume. The company’s EBITDA margin expanded 420 basis points to 8.5%, driven by a favorable mix of products and cost-saving initiatives.

PTC India Financial Services Q2 Results: Net Profit Up 86.2%

PTC India Financial Services, a leading financial services company, has reported an 86.2% rise in net profit to Rs 88.1 crore, driven by a strong performance in the financial services sector. The company’s net interest income (NII) fell 6% to Rs 72.3 crore, however.

PTC India Financial Services’ results were driven by a strong performance in the renewable energy sector, where the company saw a significant growth in disbursements. The company’s asset quality also improved, with a decline in gross non-performing assets (NPAs) to 2.5%.

Key Takeaways for Indian Investors

The Q2 results of these companies provide several key takeaways for Indian investors. Firstly, the consumer goods sector continues to be a strong performer, driven by a growth in rural demand and a favorable mix of products. Secondly, the telecom sector is expected to continue its strong performance, driven by a growth in subscriber base and revenue. Finally, the cement sector is expected to see a significant growth in demand, driven by a growth in infrastructure spending and a favorable mix of products.

Indian investors should also keep an eye on the financial services sector, where companies like PTC India Financial Services are seeing a significant growth in disbursements and an improvement in asset quality. Additionally, investors should monitor the renewable energy sector, where companies are seeing a significant growth in demand and a favorable policy environment.