Powered by: Motilal Oswal

News

Reduce Colgate-Palmolive Ltd For Target Rs. 3000 By Emkay Global Financial Services Ltd High base and low demand to hurt near-term show   We reiterate our REDUCE call on Colgate due to a high base for growth delivery ahead. The company has executed well on oral care and consistently surprised the street with its performance. However, amid a tough demand setting now, we see price power waning which will limit margin delivery ahead and result in muted earnings. Q2 results were a miss – 10% sales growth (3% lower than our estimate) and 4% adj PAT growth (11% lower)...
Reduce Colgate-Palmolive Ltd For Target Rs. 3000 By Emkay Global Financial Services Ltd
Reduce Colgate-Palmolive Ltd For Target Rs. 3000 By Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
2024-12-03 12:41:38 pm
Reduce Colgate-Palmolive Ltd For Target Rs. 2,850 By Emkay Global Financial Services Solid Q1; valuation demands sustained healthy earnings Colgate India has turned around its fortune under the new leadership, where actions in the core oral care portfolio have been rewarding. Regarding the two key concerns of low-volume growth and business diversification, the company has addressed the first concern with high single-digit toothpaste volume growth in Q1FY25. The improved show led us to upgrade earnings by 2-3% over FY25-27E and target valuations multiple to 45x from 41x (no...
Reduce Colgate-Palmolive Ltd For Target Rs. 2,850 By Emkay Global Financial Services
Reduce Colgate-Palmolive Ltd For Target Rs. 2,850 By Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-08-19 05:14:21 pm
Sell Colgate-Palmolive Ltd For Target Rs. 2,350 By Emkay Global Financial Services In-line Q4; volume growth recovery is key Our SELL call on Colgate has been a factor of limited visibility on earnings over the medium term, given that high margin gets into the base and structural growth remain elusive. Colgate’s differentiated strategy to drive growth has aided relatively better growth and helped the company to report the sector’s best margins. Volume slowdown has been our concern, and we see growth as the key moving ahead. Q4FY24 results stood in line, with ...
Sell Colgate-Palmolive Ltd For Target Rs. 2,350 By Emkay Global Financial Services
Sell Colgate-Palmolive Ltd For Target Rs. 2,350 By Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-07-09 12:54:03 pm
Neutral Colgate Ltd. For Target Rs. 2,500 - Motilal Oswal Financial Services Unchanged volume trend; margins at all-time high * Colgate (CLGT) delivered revenue growth of 10% YoY to INR14.9b (est. INR15.0b) in 4QFY24. Revenue growth was mainly led by pricing and mix, as we believe volume growth would be flat or in low-single digits. DABUR and HUVR registered 22% and double-digit revenue growth in 4Q in oral care, respectively. * Gross margin continued to expand, up 240bp YoY to 69.3%, aided by RM softening, cost savings, and price-led growth. In line with the in...
Neutral Colgate Ltd. For Target Rs. 2,500 - Motilal Oswal Financial Services
Neutral Colgate Ltd. For Target Rs. 2,500 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-06-29 11:02:44 am
NEUTRAL Colgate-Palmolive Ltd. For Target Rs.2,700 - Yes Securities Healthy 4Q; Margins make new peak Colgate-Palmolive (India) Ltd. (CLGT) delivered strong operating performance in 4QFY24. Domestic growth stood at 10.7% on the back of robust performance in Toothpaste segment taking the full year growth to 9.5%. The company surprised us positively yet again by delivering highest ever EBITDA margin (EM) in 4QFY24, supported by cost saving initiatives even while it continued to make investments. Recent relaunch/restaging of key brands and activations through...
NEUTRAL Colgate-Palmolive Ltd. For Target Rs.2,700 - Yes Securities
NEUTRAL Colgate-Palmolive Ltd. For Target Rs.2,700 - Yes Securities
Source: Yes Securities
2024-06-28 05:36:28 pm
NEUTRAL Colgate-Palmolive Ltd. For target Rs. 2,700 - Yes Securities Healthy 4Q; Margins make new peak Colgate-Palmolive (India) Ltd. (CLGT) delivered strong operating performance in 4QFY24. Domestic growth stood at 10.7% on the back of robust performance in Toothpaste segment taking the full year growth to 9.5%. The company surprised us positively yet again by delivering highest ever EBITDA margin (EM) in 4QFY24, supported by cost saving initiatives even while it continued to make investments. Recent relaunch/restaging of key brands and activations through...
NEUTRAL Colgate-Palmolive Ltd. For target Rs. 2,700 - Yes Securities
NEUTRAL Colgate-Palmolive Ltd. For target Rs. 2,700 - Yes Securities
Source: Yes Securities Ltd.
2024-06-27 04:42:44 pm
Neutral Colgate ltd. For Target Rs.2,500 - Motilal Oswal Financial Services Unchanged volume trend; margins at all-time high * Colgate (CLGT) delivered revenue growth of 10% YoY to INR14.9b (est. INR15.0b) in 4QFY24. Revenue growth was mainly led by pricing and mix, as we believe volume growth would be flat or in low-single digits. DABUR and HUVR registered 22% and double-digit revenue growth in 4Q in oral care, respectively. * Gross margin continued to expand, up 240bp YoY to 69.3%, aided by RM softening, cost savings, and price-led growth. In line with the in...
Neutral Colgate ltd. For Target Rs.2,500 - Motilal Oswal Financial Services
Neutral Colgate ltd. For Target Rs.2,500 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-06-27 11:44:03 am
Colgate-Palmolive Q4 net profit jumps 20 pc to Rs 380 crore Colgate-Palmolive reported a 20 per cent jump in consolidated net profit at Rs 379.82 crore for the Jan-March quarter of 2023-24 compared to the same period last year. The company’s total sales rose 10.35 per cent to Rs 1,480.66 during the quarter. EBIDTA (earnings before interest, tax, depreciation and amortization) for the quarter grew 17.7 per cent to Rs 532 crore. EBITDA margins increased by 2.2 per cent year-on-year to 35.7 per cent. The Board has announced a second interim d...
Colgate-Palmolive Q4 net profit jumps 20 pc to Rs 380 crore
Colgate-Palmolive Q4 net profit jumps 20 pc to Rs 380 crore
Source: IANS
2024-05-15 10:03:26 am
Quarterly Update : Accumulate Colgate Palmolive Ltd For Target Rs. 2,675 - Elara Capital On right path In-line revenue; toothpaste posts double-digit growth Colgate Palmolive’s (CLGT IN) Q3 revenue rose 8.2% YoY to INR 13.9bn, as estimated. Domestic sales rose 8.8% YoY as toothpaste saw double- digit growth with positive volume expansion. Four-year sales CAGR was 5.1%, a slight acceleration from 4.8% in Q2. We estimate low single-digit volume growth in the domestic business in Q3. Focusing on expanding assortment at retail outlet, better communication and premiumizati...
Quarterly Update : Accumulate Colgate Palmolive Ltd For Target Rs. 2,675 - Elara Capital
Quarterly Update : Accumulate Colgate Palmolive Ltd For Target Rs. 2,675 - Elara Capital
Source: Elara Capital
2024-02-08 03:40:22 pm
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
2023-10-27 03:26:09 pm
Sell Colgate Palmolive (India) Ltd For Target Rs.: 1,800 - Emkay Global Financial Services Colgate India has registered toothpaste-portfolio MRP CAGR of 10-18% over the last three years, except in mass-end Cibaca (~5%), to bridge the product price gap with other global markets. This compares with its muted 2-5% price CAGR over 2013-20. A closer look at the various segments in Toothpaste reveals Colgate is now priced at a premium to most incumbents. Advocated further by its global CEO Noel Wallace, Colgate India will now focus on scientific expertise and technical superiority ...
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
2023-10-25 12:48:49 pm