Edelweiss's reserach report on Colgate PalmoliveThe oral care category is reviving and the company is outpacing market despite heightened competition. Its new launches—Colgate Active Salt Neem and Colgate Total Charcoal—are faring well. Moreover, its sensitive segment too is turning around. Colgate has launched hand wash under naturals & nourishing platform in foam formats (in August) which has received good response. With 60% urban salience, Colgate is well poised to ride revival in urban growth. Maintain ‘HOLD’.We believe P&G’s focus on profits in India and muted response to its toothpaste launch augur well for Colgate. We expect the latter to potentially benefit from the anticipated recovery in urban demand and its strong innovation pipeline. The stock is currently trading at 39.4x FY16E and 35.1x FY17E. We maintain ‘HOLD/SP’.For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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