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This statistic highlights Colgate Palmolive’s Revenue by Segment, split across Oral Care, Personal Care, Home Care, and Pet Nutrition, reported on a quarterly basis from Q1 2017 onwards.
Colgate Palmolive’s total revenue increased from $4,153 million in Q3 2020 to $4,414 million in Q3 2021, indicating a 6.3% growth on a year-on-year basis. Revenue in Q3 2021 increased by 3.6% on a quarterly basis, as compared to $4,260 million in Q2 2021.
The largest revenue-generating division of Colgate Palmolive is the Oral Care Business, which contributes nearly half of the total revenue of the company. Personal Care Business is the second-largest revenue-generating segment followed by Home Care and Pet Nutrition Business Segment. All the segments except Pet Nutrition showed positive growth in their revenue in Q3 2021 as compared to the previous quarter, Q2 2021.
Colgate Palmolive’s revenue can be bifurcated into the following segments:
|Revenue by Segment||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
(All figures in millions, except percentages)
The company is a global leader in Oral Care, within the toothpaste and manual toothbrush categories according to market share data. It sells toothpastes, toothbrushes, and mouthwash under brands such as Colgate, Elmex, and Meridol. The Oral Care business also consists of pharmaceutical products for dentists and other oral health professionals.
Colgate Palmolive’s revenue from Oral Care Business increased by 6.3% on a year-on-year basis, from $1,827.32 million in Q3 2020 to $1,942.16 million in Q3 2021. It also grew by 6% on a quarterly basis, as compared to $1,831.80 million earned in Q2 2021. This segment contributes 44% to the company’s total revenue. The growth of the Oral Care business can be traced to an increase in organic sales in the toothpaste category.
The Personal Care segment of the company is a worldwide leader in liquid hand soap, according to market share data. The company sells personal care products under brands such as Palmolive, Protex, and Softsoap. It also includes Irish Spring, Palmolive, and Protex bar soaps; Irish Spring, Palmolive, Sanex, and Softsoap shower gels; Tom’s of Maine deodorants and antiperspirants; skin health products, and Palmolive shampoos and conditioners.
Colgate Palmolive’s revenue from Personal Care Business increased by 1.2%, from $872.13 million in Q3 2020 to $882.80 million in Q3 2021, on a year-on-year basis. It also grew by 3.6% quarterly, as compared to $852 million earned in Q2 2021. It comprises 20% of the total revenue in Q3 2021. The increase in Personal Care was because of organic sales growth in the liquid hand soap group, partially neutralized by a decline in organic sales in the underarm protection group.
The company produces and trades a wide range of products for the Home Care market, including Ajax, Axion, and Palmolive dishwashing liquids and Ajax, Fabuloso, and Murphy household cleaners. It is a market leader in fabric conditioners with leading brands, including Suavitel, Soupline, and Cuddly.
Colgate Palmolive’s revenue from Home Care Business grew by 6%, from $747.54 million in Q3 2020 to $794.52 million in Q3 2021, on a year-on-year basis. It also grew by 3.6% quarterly, as compared to $766.80 million earned in Q2 2021. This segment contributes 18% to the company’s total revenue. The increase in Home Care was because of an increase in organic sales in the hand dish and liquid cleaner categories.
The Pet Nutrition segment produces and markets specialty pet nutrition products. They trade pet foods principally under two brands: Hill’s Science Diet and Hill’s Prescription Diet. Hill’s Science Diet offers a range of products for everyday nutritional needs. Hill’s Prescription Diet offers a range of therapeutic products to assist nutritionally managing disease conditions in dogs and cats.
Colgate Palmolive’s revenue from Pet Nutrition business increased by 12.5%, from $706.01 million in Q3 2020 to $794.52 million in Q3 2021, on a year-on-year basis. The increase was due to organic sales growth in the Science Diet and Prescription Diet categories. However, it decreased by 1.8% quarterly, as compared to $809.40 million earned in Q2 2021. This segment contributes 18% to the company’s total revenue.
Founded by William Colgate in 1806, Colgate Palmolive is a U.S.-based multinational household and personal products company, situated in Midtown Manhattan, New York City. Colgate Palmolive’s products are marketed in over 200 countries, and territories throughout the world. The company seeks to deliver sustainable, profitable growth and superior shareholder returns, by developing and selling products globally that makes people’s lives healthier and more enjoyable. The common stock of the company is publicly traded on the NYSE, under the symbol CL.
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