Brands
Colgate-Palmolive marketing spend up 16 per cent in Q1-2015
BENGALURU: Consumer products player in oral care, personal care and household care space Colgate-Palmolive (India) Limited (Colgate-Palmolive) spent Rs 180.55 crore (18.7 per cent of Total Income or TI) in Q1-2015 towards advertising and marketing (ASP), which was 15.9 per cent more than the Rs 155.78 crore (17.8 per cent of TI) in Q1-2014 and 8.9 per cent more than the Rs 165.86 crore (17.8 per cent of TI) in Q4-2014. At 18.7 per cent of TI, the company’s ASP spend in Q1-2015 was the highest across 9 quarters starting Q1-2013 until Q1-2015.
Note: 100,00,000 = 100 lakh = 10 million = 1 crore
The company had spent 40.5 per cent more at Rs 688.66 crore (19 per cent of TI) towards ASP in FY-2014 versus Rs 490.07 crore (15.2 per cent of TI). Both on a quarterly basis during the nine months under consideration and across seven financial years starting FY-2008 until FY-2014, the company’s TI, and ASP show increasing linear trend in terms of absolute rupees as well as in terms of percentage of TI.
Colgate-Palmolive’s TI in Q1-2015 at Rs 963.35 crore was 9.9 per cent more than the Rs 876.61 crore in Q1-2014 and was 3.3 per cent more than the Rs 931.22 crore in Q4-2014. Its TI in FY-2014 at Rs 3629.13 crore was 12.9 per cent more than the Rs 3213.73 crore in FY-2013.
Please refer to Fig 1 below.
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Colgate-Palmolive’s ASP comprises two components – (a) Advertising, and (b) Sales promotion. Data for three financial years – FY-2012, FY-2013 and FY-2014 show the breakup of ASP into these two components.
Please refer to Fig 1A below.
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The company’s PAT in Q1-2015 was 27.2 per cent down at Rs 134.91 crore (14.1 per cent of TI) versus Rs 185.22 crore (21.5 per cent of TI) during the year ago quarter Q1-2014 and just 2 per cent more than the Rs 132.3 crore (14.3 per cent of TI) in the immediate trailing quarter. PAT in FY-2014 at Rs.539.87 crore (14.9 per cent of TI) was 8.7 per cent more than the Rs 496.75 crore in FY-2013. On an annual basis, the company’s PAT shows an upward linear trend in terms of absolute rupees, but a downward linear trend in terms of percentage of TI. During the nine quarters under consideration, the company’s PAT shows almost flat to downward linear trend in terms of absolute rupees and a downward trend in terms of percentage of TI.
Please refer to Fig 2 below.
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Colgate-Palmolive’s brands include Colgate, Palmolive and Axion. Its oral care products include toothpaste, toothbrush, toothpowder, whitening products, kids products, mouthwashes, and plax. Its personal care products include body wash, hand wash, shave preparations, skin care and hair care. Its household care products include surface care products under the brand Axion.
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Brands
YES Bank hands the keys to SBI veteran Vinay Tonse as it bets on a new era
Former SBI managing director appointed as YES Bank’s new MD and CEO
MUMBAI: YES Bank is done rebuilding. Now it wants to grow. The private sector lender has appointed Vinay Muralidhar Tonse as managing director and chief executive officer-designate, with RBI approval secured and a start date of April 6, 2026 confirmed. The three-year term signals the bank’s intent to shift gears from crisis recovery to full-throttle expansion.
Tonse, 60, is no stranger to scale. Most recently managing director at State Bank of India, he oversaw a retail book of roughly $800bn in deposits and advances, one of the largest in the country. Before that, he ran SBI Mutual Fund from August 2020 to December 2022, a stint that saw assets under management surge from Rs 4.32 lakh crore to Rs 7.32 lakh crore across market cycles. Add stints in Singapore and four years leading SBI’s overseas operations in Osaka, and the incoming chief arrives with a genuinely global CV.
His academic grounding is equally solid: a commerce degree from St Joseph’s College of Commerce, Bengaluru, and a master’s in commerce from Bangalore University.
The appointment follows an extensive search and evaluation process by the bank’s Nomination and Remuneration Committee. NRC chairperson Nandita Gurjar said the committee unanimously backed Tonse, citing his leadership track record, governance credentials and ability to drive the bank’s next phase of transformation.
Non-executive chairman Rama Subramaniam Gandhi was unequivocal. “I am certain that Vinay Tonse, with his vast experience as a senior banker, will propel YES Bank to its next phase of growth,” Gandhi said, adding that the bank remains focused on strengthening its retail and corporate banking franchises and expanding its branch network.
Rajeev Kannan, non-executive director and senior executive at Sumitomo Mitsui Banking Corporation, the bank’s largest shareholder, said Tonse’s experience across retail, corporate banking, global markets and asset management positioned him well to lead the lender. SMBC said it looks forward to working with Tonse and the board as YES Bank pursues its ambition of becoming a top-tier private sector lender anchored in strong governance and sustainable growth.
Tonse succeeds Prashant Kumar, who took the helm in March 2020 when YES Bank was in freefall following a severe financial crisis, and spent six years painstakingly stabilising the institution, rebuilding governance and restoring operational scale. Gandhi was generous: “The bank remains indebted to Prashant Kumar, who is responsible for much of what a strong financial powerhouse YES Bank is today.”
Tonse, for his part, struck a purposeful note. “Together with the board and my colleagues, I remain deeply committed to creating long-term value for all our stakeholders,” he said, pledging to build on Kumar’s foundation guided by his personal motto: Make A Difference.
Beyond the balance sheet, Tonse played cricket at college and club level and represented Karnataka in archery at the national championships — sports he credits with teaching him teamwork, situational leadership, discipline and focus. In quieter moments, he reaches for retro Kannada music, classic Hindi songs, and the crooning of Engelbert Humperdinck, Mukesh and Kishore Kumar.
YES Bank has its steady-handed rebuilder in Kumar to thank for survival. Now it has a scale-obsessed growth banker at the wheel. The next chapter starts April 6.
