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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