AGM Proceedings Details
The 85th Annual General Meeting was held on July 29, 2026 at 3:30 PM IST through Video-Conferencing/Other Audio-Visual Means in accordance with MCA and SEBI circulars.
Attendance:
- 9 Directors including Chairperson Mukul Deoras, Managing Director & CEO Prabha Narasimhan, and Whole-time Director & CFO M. S. Jacob
- Company Secretary & Compliance Officer Jaikishan Shah (appointed effective November 26, 2025)
- Statutory Auditors (S R B C & Co. LLP), Secretarial Auditors (Dholakia & Associates LLP), Internal Auditor, and Scrutinizers
- 83 shareholders attended through VC/OAVM
Voting Process:
- Remote e-Voting period: July 25, 2026 (8:00 AM) to July 28, 2026 (5:00 PM)
- E-voting during AGM also available for those who hadn't voted remotely
- Scrutinizer: Mr. S. N. Ananthasubramanian (or Mr. S. N. Viswanathan)
- Voting results to be declared within 2 working days and published on company website, stock exchanges, and NSDL
Resolutions Transacted:
1. Adoption of Audited Financial Statements for FY ended March 31, 2026 and Reports of Board and Auditors (Ordinary Resolution)
2. Re-appointment of Ms. Prabha Narasimhan (DIN: 08822860) who retires by rotation (Ordinary Resolution)
3. Re-appointment of Mr. Jacob Sebastian Madukkakuzy (DIN: 07645510) as Whole-time Director & Chief Financial Officer (Ordinary Resolution)
All resolutions if passed would be effective from July 29, 2026. The meeting concluded at 6:00 PM IST.
Financial Performance Highlights
FY 2025-26 Performance:
- Closed Q4 with 9% growth in Domestic Net Sales
- Maintained healthy margins allowing 10% increase in advertising investments
- Strong balance sheet maintained
- Dividend declarations: First Interim Dividend of ₹24 per share in Q2 FY26 and Second Interim Dividend of ₹24 per share in Q4 FY26, totaling ₹48 per share for FY26
Q1 FY 2026-27 Results (Announced July 29, 2026):
- Sales: ₹1,591 Crore (12% YoY growth from ₹1,421 Crore in Q1 FY26)
- Net Profit After Tax: ₹343 Crore (compared to ₹321 Crore same period last year)
- Excluding one-offs and exceptional items, Net Profit After Tax grew by 11% year-on-year
Strategic and Operational Updates
Business Strategy: Theme "We Make India Smile" marking company's 90th year in India
Product Innovation:
- Colgate Strong Teeth with Arginine + Calcium Boost technology for 24-hour cavity protection
- Colgate Total with patented formula for comprehensive oral defense
- Colgate Visible White Purple leveraging color theory for whitening solutions
- Visible White Purple Serum for advanced beauty category
- New Palmolive range expansion
Marketing Initiatives:
- Campaign featuring Smita Patil legacy inspiration
- "Chinta nahi, Colgate sambhal lega" campaign for family protection
- Sports performance positioning with Rahul Dravid and Mumbai Indians partnership
- Kriti Sanon and Abhishek Sharma campaign for Visible White Purple
Manufacturing and Distribution:
- AI-powered transformation at Baddi plant: 75% shop-floor processes transitioned to paperless systems
- AI-powered artwork validation engine for packaging design regulatory compliance
- Best-in-class distribution network spanning traditional retail to quick commerce
- 92.7% of goods sourced directly from within India in FY 2025-26
Sustainability Achievements (FY 2025-26):
- Carbon emissions reduction: 43% against baseline in India operations
- Renewable electricity: 60% of total electricity usage
- Net Water Positive at country level
- 100% toothpaste portfolio transitioned to recyclable tubes
- All owned manufacturing plants TRUE® Platinum certified for Zero Waste
- Recognized as one of India's Leading ESG Entities 2026 by Dun & Bradstreet
Technology Initiatives:
- Energy Health IQ: AI-powered analytics platform at Goa facility for predictive energy management
- Digital twins and cobots implementation
Community Programs:
- Colgate Bright Smiles, Bright Futures program: Reached 11 million children across 35,000 schools
- Keep India Smiling Education Scholarships
- Digital and financial literacy programs for women and Persons with Disabilities
Governance and Leadership
Mourned passing of former Independent Director Mr. R. A. Shah who served the Board for 37 years.