Buy Colgate-Palmolive IndiaLtd for the Target Rs. 2,700 by Motilal Oswal Financial Services Ltd
* Demand remained subdued for the company during the quarter. We model a revenue growth of ~2% and volume growth of ~1% in 3Q.
* Around 95% of Colgate’s portfolio witnessed a GST rate cut from 18% to 5% under GST 2.0. This cut is leading to a trade disruption in the first half of 3Q.
* GP margin is expected to contract 40bp YoY to 69.5%, and EBITDA margin is expected to contract 30bp YoY to 30.8%

For More Research Reports : Click Here
For More Motilal Oswal Securities Ltd Disclaimer
http://www.motilaloswal.com/MOSLdisclaimer/disclaimer.html
SEBI Registration number is INH000000412
