By Admin 
Dividend Stock: If you have also invested in toothpaste manufacturing company Colgate Palmolive India, then this is useful news for you. Actually, the company has declared dividend for its shareholders. Recently the company announced the results of the second quarter of the business year 2026. During this time, the company also announced 2400 percent dividend for its shareholders and a record date for this.
Know when is the record date?
Let us tell you that Colgate Toothpaste’s parent company Colgate-Palmolive (India) Limited is going to pay its first dividend for the business year 2025-26. Under this, the company has said to give a dividend of Rs 24 on every equity share of Re 1. Its benefit will be available only to those shareholders whose names are registered in the Register of Members of the Company or the records of the depositories by November 3.
Its payment will start from November 19, 2025. Along with this, the company is spending Rs 652.8 crore as dividend. The company’s net sales in the second quarter stood at Rs 1,507 crore, which is 6.1 percent more than Rs 1,421 crore in the previous quarter.
Company distributing dividends in full swing
However, sales were slightly lower than Rs 1,609 crore in the same period last year. The company’s profit after tax in this quarter was Rs 328 crore, which is less than Rs 395 crore in the same period last year. Earlier, the company had declared final dividend of Rs 27 per share in May 2025, Rs 24 per share in November 2024, Rs 26 per share in May 2024 and Rs 22 per share in November 2023. Apart from this, the company has also distributed dividend of Rs 10 per share in May 2024.
What is the reaction of brokerage?
After the September quarter results, shares of Colgate Palmolive (India) Limited fell by 3.8 percent in early trade on Friday. The stock fell to its lowest level of Rs 2,200 on NSE, while its previous closing price was Rs 2,286.9.
Brokerage has had a mixed reaction on this. On one hand, Jefferies has advised to buy it with a target price of Rs 2,700 and Nuvama has advised to buy it with a target price of Rs 2,870. At the same time, I-Sec has advised to sell it with a target price of Rs 1,800 and Citi has advised to sell it with a target price of Rs 2,100 per share. CLSA has suggested to hold it for now with a target of Rs 2,130.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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