New Delhi: The leading oral care player Colgate-Palmolive India Ltd.
(CPIL) said it was ready to meet the challenges based on its strong financial position and “advanced focus” on top priority.
The next company said that it faced “strict competition” in the oral care segment, but its prospects for the industry remained positively considering the size of the opportunity in this space.
The company expects “challenging market conditions and unfavorable macroeconomic conditions to continue”, according to their latest annual results.
However, CPIL has the belief that “is ready to meet the challenges ahead because of its strong financial conditions, experience operating in a challenging environment and continuing to focus on its main priority”.
CPIL, which operates mainly in the oral care segment, said it continued to maintain its leadership position both in the category of toothpaste and toothbrush for the financial year ended March 31, 2021 despite the “challenging competitive environment”.
The Oral CPIL orientation business accounts for more than 90 percent of its sales change.
“While the company’s main business has been locked up on oral care where it continues to face strict competition, the prospect of the positive industry remembers the size of the opportunity,” CPIL said.
Furthermore said: “Your company believes that the business will continue to grow strongly in the next few years behind his experience in operating in a challenging environment and continuing focus on capturing significant growth opportunities.” In pandemic, CPIL said it has a “big impact on shopping and consumer behavior” and subsequent locking and reopening trade and retail operations.
In addition, there are clear changes in the relevance of the channel in the Indian FMCG retail landscape and the CPIL has responded in a nimble and smooth way, he added.
E-commerce channels continue the exponential growth trajectory.
“The Indian FMCG retail landscape will go through a period of fun with the emergence and coexistence of EB2C, EB2B and OTO channels along with traditional trade.
At the same time, traditional channels also improve themselves in accordance with the buyer’s expectations,” said the company.
Kirana and pharmaceutical stores, he said, emerged as a preferred goal because of limited travel and social blasphemy guidelines.
It has launched a DiGiorder application for this retailer to send their orders to CPIL partner distributors.
“This application has been downloaded by customers 1.25 lakh + and we hope the order increases significantly on this media,” said the company added CPIL involved with B2B customers.
For FY2019-20, CPIL, which operates with two Colgate and Palmolive brands, seeing net sales at Rs 4,810.48 Crore, up 7.2 percent, against Rs 4,487.57 Crore in the previous year.