At close, the Sensex was up 539.83 points or 0.66 percent at 82,726.64, and the Nifty was up 159.00 points or 0.63 percent at 25,219.90. About 1,883 shares advanced, 1,987 shares declined, and 162 shares unchanged.
Colgate continued to lead in the oral-care category, and there is a large headroom for growth, given the lower penetration and high rural salience (40 percent of sales). Although increasing penetration in rural areas remains a key growth driver, it could be an uphill task in the medium term, while the growing personal-care segment presents a significant opportunity. Category development, new communication programmes and expanding rural reach will accelerate growth.
Motilal Oswal recommended Neutral rating on Colgate with a target price of Rs 3250 in its research report dated November 27, 2024.
Colgate Palmolive (India) is also focusing on areas beyond oral care, with plans to bring more products from its global parent company's portfolio to India.
Motilal Oswal recommended Neutral rating on Colgate with a target price of Rs 3150 in its research report dated July 29, 2024.
Colgate's growth in rural markets has outpaced urban markets for the second consecutive quarter. Its toothpaste portfolio saw double-digit growth driven by high single-digit volume growth, higher than industry rival Hindustan Unilever's mid-single digit growth which was driven by pricing.
Total revenue of the company is Rs 1,485.8 crore rising 13 percent from the year ago period. Domestic revenues grew by 12.8 percent year-on-year for the quarter.
We expect volume growth for Colgate to remain range-bound in FY25 despite an expected rural recovery, said internatonal brokerage Nomura.
The company does not foresee any spike in input costs for the immediate quarters.
At close, the Sensex was down 117.58 points or 0.16 percent at 72,987.03, and the Nifty was down 17.30 points or 0.08 percent at 22,200.55 on May 15
Colgate-Palmolive Q4: Total revenue came at Rs 1,480.66 crore, rising 10.35 percent in the year-ago quarter, the personal-care company said in a regulatory filing on May 13.
Higher prices of raw materials such as crude oil, palm oil, and lactic acid bacteria (used in dairy products) quarter-on-quarter and year-on-year present a challenge to consensus margin estimates, BNP Paribas said.
Motilal Oswal recommended Neutral rating on Colgate with a target price of Rs 2400 in its research report dated January 22, 2024.
Net profit rose to 3.30 billion rupees ($39.7 million) for the quarter ended Dec. 31 from 2.43 billion rupees a year earlier.
The customer, identified as Yash Ojha, took to X (formerly Twitter) where he shared a video of unboxing the Amazon delivery and finding out that a Colgate tube had been sent to him instead of Sony headphones.
Motilal Oswal recommended Neutral rating on Colgate with a target price of Rs 2020 in its research report dated October 26, 2023.
The street is unfazed by Friday’s net sales figure as well. The view is that mutual funds are sitting on enough cash, having sold shares when FIIs were on a buying spree since May