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Colgate-Palmolive (India) 2QFY25 First cut: below estimates as margins peaked out, volumes up by 7-8% By Amnish Aggarwal , PL Capital Financial Performance: * Revenues grew by 10.1% YoY to Rs16.2bn (PLe: Rs16.4bn), we estimate ~7-8% volume growth * CLGT delivered double-digit revenue growth amid current difficult market conditions, aided by high single digit volume growth in Toothpastes due to steady performance of core brands. * Toothbrush continued to grow at double digits with rapid premiumisation. * Gross margins contracted by 23bps YoY to 68.5% (Ple: 70.2%) * EBITDA grew by 3.2% YoY to Rs5bn (PLe:Rs5.4bn...
Colgate-Palmolive (India) 2QFY25 First cut: below estimates as margins peaked out, volumes up by 7-8% By Amnish Aggarwal , PL Capital
Colgate-Palmolive (India) 2QFY25 First cut: below estimates as margins peaked out, volumes up by 7-8% By Amnish Aggarwal , PL Capital
Source: PR Agency
2024-10-26 10:16:41 am
Colgate Palmolive (India) posts higher Q2 profit on strong demand  Colgate Palmolive (India) reported a 16% rise in second-quarter profit on Thursday helped by its expansion into rural markets and demand for its premium personal care products. The toothpaste maker's net profit rose to 3.95 billion rupees ($47 million) in the quarter ended Sept. 30, from 3.40 billion rupees a year earlier. In India, rural sales have outperformed urban on a year-on-year basis for the third quarter in a row for consumer goods, helped partly by higher government ...
Colgate Palmolive (India) posts higher Q2 profit on strong demand
Colgate Palmolive (India) posts higher Q2 profit on strong demand
Source: Reuters
2024-10-24 02:04:11 pm
Neutral Colgate-Palmolive (India) Ltd For Target Rs.3,300 By Yes Securities Volume beat & disclosure, a welcome surprise Colgate-Palmolive (India) Ltd. (CLGT) delivered robust 1QFY25 performance. Domestic revenue growth stood at a 2yr CAGR of 12.6% on the back of high singledigit volume growth in Toothpaste segment (higher than our estimate of 3%). Gross margin profile continues to improve, which led to higher operating margins versus our estimate. Pickup in rural market (outpaced urban markets for 2nd consecutive quarter), relaunch/restaging of key brands don...
Neutral Colgate-Palmolive (India) Ltd For Target Rs.3,300 By Yes Securities
Neutral Colgate-Palmolive (India) Ltd For Target Rs.3,300 By Yes Securities
Source: Yes Securities Ltd
2024-08-11 12:07:42 pm
Reduce Colgate-Palmolive (India) Ltd For Target Rs.350 By Yes Securities Colgate-Palmolive (India) Ltd. (CLGT) delivered highest ever Gross & EBITDA margin (GM & EM) in 3QFY24 while topline was in-line with our estimate. Operating beat seems to be driven by better mix+pricing as GM saw a 340bps QoQ improvement, coming as a surprise especially post the Analyst Meet commentary in August’23 guiding modest improvement from 1QFY24 levels. Toothpaste volume have seen expansion in 3QFY24, but growth looks lower than our estimate of 5% because of the assumed...
Reduce Colgate-Palmolive (India) Ltd For Target Rs.350 By Yes Securities
Reduce Colgate-Palmolive (India) Ltd For Target Rs.350 By Yes Securities
Source: Yes Securities Ltd.
2024-03-31 10:16:03 am
Accumulate Colgate Palmolive (India) Ltd For Target Rs.2,813 - Religare Broking Ltd Steady revenue growth as compared to last year: Colgate Palmolive India reported steady Q3FY24 revenue growth of 8.1% to Rs 1,395.7cr, driven by domestic growth at 8.8% YoY. On a sequential basis, revenue de-grew by 5.1%. Overall topline growth was led by improved traction in the oral care category specially toothpaste with double-digit growth and positive volume expansion Healthy margin improvement: Colgate’s gross profit for Q3FY24 grew by 18.4% YoY but was flat sequentially to Rs ...
Accumulate Colgate Palmolive (India) Ltd For Target Rs.2,813 - Religare Broking Ltd
Accumulate Colgate Palmolive (India) Ltd For Target Rs.2,813 - Religare Broking Ltd
Source: Religare Broking Ltd
2024-02-15 02:51:45 pm
Accumulate Colgate Palmolive (India) Ltd For Target Rs. 2,813 - Religare Broking Ltd Steady revenue growth as compared to last year: Colgate Palmolive India reported steady Q3FY24 revenue growth of 8.1% to Rs 1,395.7cr, driven by domestic growth at 8.8% YoY. On a sequential basis, revenue de-grew by 5.1%. Overall topline growth was led by improved traction in the oral care category specially toothpaste with double-digit growth and positive volume expansion. Healthy margin improvement: Colgate’s gross profit for Q3FY24 grew by 18.4% YoY but was flat sequentially to Rs...
Accumulate Colgate Palmolive (India) Ltd For Target Rs. 2,813 - Religare Broking Ltd
Accumulate Colgate Palmolive (India) Ltd For Target Rs. 2,813 - Religare Broking Ltd
Source: Religare Broking Ltd
2024-01-26 02:13:42 pm
Colgate-Palmolive logs Q3 PAT of Rs 330.11 cr Fast moving consumer goods (FMCG) company Colgate-Palmolive (India) Ltd closed the third quarter of FY 24 with an after tax profit of Rs 330.11 crore. In a regulatory filing, the company said for the quarter ended 31.12.2023 it had earned a sales revenue of Rs 1,386.41 crore (Q3FY23 Rs 1,281.21 crore) and a net profit of Rs 330.11 crore (Rs 243.24 crore). During the quarter under review, the company’s total expenses stood at Rs 970.14 crore down from Rs 974.75 crore expended durin...
Colgate-Palmolive logs Q3 PAT of Rs 330.11 cr
Colgate-Palmolive logs Q3 PAT of Rs 330.11 cr
Source: IANS
2024-01-23 01:40:52 pm
Colgate-Palmolive India posts Q3 profit jump on lower expenses, urban demand Colgate-Palmolive (India) reported a 35.7% jump in third-quarter profit on Monday, aided by healthy urban demand and a fall in expenses. Net profit rose to 3.30 billion rupees ($39.7 million) for the quarter ended Dec. 31 from 2.43 billion rupees a year earlier. Sales of consumer goods makers have been boosted by urban consumers with higher average income, even in the face of elevated prices of essential goods. Total expenses fell 0.5%, helped by lower inventory and raw material cost...
Colgate-Palmolive India posts Q3 profit jump on lower expenses, urban demand
Colgate-Palmolive India posts Q3 profit jump on lower expenses, urban demand
Source: Reuters
2024-01-22 04:14:47 pm
Buy Colgate Palmolive (India) Ltd For Target Rs. 2,878 - Sushil Finance CONTINUED INNOVATION AND PREMIUMISATION TO ENSURE THE COMPANY’S GROWTH DRIVER. Colgate continues to increase its focus towards science-backed innovation for its products. The company focuses on innovation in the personal care segment specifically the oral care segment. The company’s constant efforts to increase brand recall and market leadership position enables them to improve its market share in the industry. Colgate has thus launched a number of products in line with evolvin...
Buy Colgate Palmolive (India) Ltd For Target Rs. 2,878 - Sushil Finance
Buy Colgate Palmolive (India) Ltd For Target Rs. 2,878 - Sushil Finance
Source: Sushil Finance
2023-12-22 02:05:19 pm
Colgate Palmolive gets transfer pricing order with income tax liability of Rs 170 crore Colgate Palmolive India has received a Transfer Pricing Order from the Income Tax Authority for the Assessment Year 2021-22 with income-tax liability of Rs 170 crore. The order disallowed certain international transactions of the oral care company. The Income Tax Authority has issued the Transfer Pricing order making adjustments on Transfer Pricing issues. The Company is awaiting completion of the Draft Assessment proceedings and post the same, an application will be made before the Dis...
Colgate Palmolive gets transfer pricing order with income tax liability of Rs 170 crore
Colgate Palmolive gets transfer pricing order with income tax liability of Rs 170 crore
Source: IANS
2023-10-31 01:49:15 pm
Sell Colgate Palmolive (India) Ltd For Target Rs.: 1,800 - Emkay Global Financial Services Our negative stance on Colgate is on account of the missing structural narrative. After the mid-single-digit volume growth jubilance in Q1FY24 (on a low base and buoyed by planned product relaunches), the company is likely to have seen flat volume growth for Q2FY24E (4Y CAGR of only 1%). In Q2FY24, Colgate India reported in-line EBITDA, with ~18% growth YoY, wherein the revenue miss was offset by a surprise on margin. Revenue growth at 6% missed our estimate by 3%, mainly due to likely flat v...
Sell Colgate Palmolive (India) Ltd For Target Rs.: 1,800 - Emkay Global Financial Services
Sell Colgate Palmolive (India) Ltd For Target Rs.: 1,800 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2023-10-30 11:09:42 am
Accumulate Colgate Palmolive (India) Ltd For Target Rs. 2,289 - Religare Broking Revenue growth tad better than expectation: Colgate Palmolive India reported single digit sales growth of 6.1% YoY led by domestic sales growth of 6.6% YoY while sequentially the company’s revenue grew by 11.1%. The growth was led by its toothpaste segment which witnessed higher single-digit growth. Robust improvement on margin: Colgate’s Q2FY24 gross profit grew by 14.4% YoY and 11.7% QoQ to Rs 1,011.7cr with improvement in margin by 502bps YoY and 34bps QoQ to 68.8% led by mo...
Accumulate Colgate Palmolive (India) Ltd For Target Rs. 2,289 - Religare Broking
Accumulate Colgate Palmolive (India) Ltd For Target Rs. 2,289 - Religare Broking
Source: Religare Broking Ltd
2023-10-28 11:29:24 am
Colgate-Palmolive jumps on reporting 22% rise in Q2 net profit Colgate-Palmolive (India) is currently trading at Rs. 2076.10, up by 43.60 points or 2.15% from its previous closing of Rs. 2032.50 on the BSE. The scrip opened at Rs. 2038.15 and has touched a high and low of Rs. 2088.30 and Rs. 2003.65 respectively. So far 20629 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2128.85 on 20-Oct-2023 and a 52 week low of Rs. 1434.60 on 30-Jan-2023. Last one week high and low of ...
Colgate-Palmolive jumps on reporting 22% rise in Q2 net profit
Colgate-Palmolive jumps on reporting 22% rise in Q2 net profit
Source: Accord Fintech
2023-10-27 09:25:21 am
Stock of the day : Colgate Palmolive India Ltd For Target Rs. 2210 - Religare Broking Ltd Colgate Palmolive India Ltd* COLPAL has registered a fresh breakout from multi week consolidation with strong volumes. * The stock is holding well above its key averages indicates strength in price. * The price pattern coupled with positive positioning of the momentum oscillator adding further positivity. * We thus recommend creating fresh longs in the mentioned zone.Buy Colgate Palmolive India Ltd CMP 2081.45; Range 2080-2085; SL 2020; Target 2210Please refer dis...
Stock of the day : Colgate Palmolive India Ltd For Target Rs. 2210 - Religare Broking Ltd
Stock of the day : Colgate Palmolive India Ltd For Target Rs. 2210 - Religare Broking Ltd
Source: Religare Broking Ltd
2023-09-27 10:17:34 am