FMCG
FMCG - Personal Care
from 1,965 today
We attended Colgate-Palmolive's analyst meet and maintain our conservative stance on the company. We retain our HOLD rating with an unchanged TP of INR 2,150, based on 35x 1HFY29E P/E.
Colgate Palmolive India's 1QFY27 performance was broadly in line with expectations, with domestic revenue growing 12% supported by high-single-digit volume growth in the toothpaste category. We marginally increase our estimates by 1%/3% for FY27e/28e, maintain our HOLD rating, and revise our TP to INR 2,150.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
