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Colgate Palmolive: Wait gets longer for this consumer stock

Investors need to watch for the new growth strategy from the new CEO

June 27, 2022 / 09:23 AM IST
Colgate Palmolive: Wait gets longer for this consumer stock

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

Colgate Palmolive (CPIL; CMP: Rs 1,512; Market capitalisation: Rs 41,126 crore) continued to report lacklustre performance. CPIL has announced many launches and re-launches, post the March 2022 earnings call. The new managing director and CEO, Prabha Narasimhan, will join CPIL, effective September 1, 2022. CPIL declared an interim dividend of Rs 21 per share, taking the total interim dividend for FY22 at Rs 40 per share, almost 100 percent payout. March quarter performance  Revenues grew by 1.4 percent year on year...

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