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Colgate Palmolive India: Sub-par performance continues for another quarter

Investors need to watch out for premiumisation trends and increase in market share for Colgate Palmolive India

January 28, 2022 / 11:36 AM IST
Colgate Palmolive India: Sub-par performance continues for another quarter

AICPDF last week had said that the distributors in Maharashtra will stop stocking Colgate's Max Fresh toothpaste from January 1.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

The Q3FY22 results of Colgate Palmolive India Ltd’s (CPIL; CMP: Rs 1,395; Market capitalisation: Rs 37,937crore) were in line with Street expectations. Sales growth has been the lowest for the last five quarters. December 2021 quarter performance Sales revenues grew by 4 percent year on year (YoY), with a right balance between volume and value growth. Gross profit was lower by 1 percent, despite the higher cost of goods sold on the back of improved mix and ability to increase prices. (image)...

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