Colgate-Palmolive Q4 Results Review - Market Shares (Gains) Bottomed Out: ICICI Securities

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.While Colgate-Palmolive India Ltd.’s revenue and profit growth beat peers (price/mix +8%, volumes +2%, albeit on a low base), it's still underwhelming. At ~70% gross margin and more than 35% adjusted Ebitda margin, it is over-earning, though the basic product (white toothpaste with the highest salience in its portfolio) is a functional product. Bringing focus back on brushing twice may drive per capita consumption though it has failed in the past to do so. Relaunches of products with superior quality, launch of access packs and expected launch of global toothpaste variants are steps in right direction. However, market share losses to naturals segment (with continuous price hikes) is a key risk. Focusing and growing core plus diversification is a tough ask. At 48 times price/earnings FY26E, downgrade to Hold (Add earlier)..Click on the attachment to read the full report:.Colgate-Palmolive India Q4 Results: Profit Rises 20%, Beats Estimates.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Colgate-Palmolive Q4 Results Review - Market Shares (Gains) Bottomed Out: ICICI Securities

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