“At our core, is the mission to improve the oral health of everyone in India. This is both our fundamental responsibility and a tremendous privilege. Our long-term value creation strategy is intricately designed to balance financial performance with sustainability. The simple mantra of grow, strengthen, simplify underpinned our actions in FY 2023-24. We delivered a significant step up in our growth trajectory, and we remain resolute in our commitment to enrich lives, foster sustainability, and propel positive change,” said Prabha Narasimhan, managing director at Colgate India
During 23-24, Colgate India grew 9.5% in domestic sales with 26.4% profit after tax while EBITDA margins of 33.7% was historically the highest.
The company is also on its way to reach 100% reusable, recyclable, or compostable plastic packaging by 2025, with 83% already achieved. Three of its plants have attained net water positivity. The company has over 2.8 MW of on-site solar installation, and feasibility studies are being conducted for additional on-site solar installations. By 2030, the aim is to transition to 100% renewable electricity across all owned industrial site operations.
Over 5.2 million children across India have been reached through Colgate bright smiles, bright futures’ program – an in-school initiative that aims to improve the oral health of children. These children were spread across 10,000 schools in over 150 cities and towns, and were taught about inculcating good oral care habits, awareness about tobacco prevention and good nutrition.
