BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Colgate Palmolive India Ltd. reported strong set of numbers with 5.3% revenue growth led by 7.1% domestic business growth.
The impact of Covid-19 induced lockdown was minimal in oral care category given inventory levels at trade as well as at consumer were sufficient to cover one month supply disruption.
Given manufacturing and supply chain issues were resolved by April, the companies were able to ramp up manufacturing in short period of time.
We believe Colgate has recouped first quarter’s lost sales in Q2 FY21. All categories - toothpaste, toothbrush and personal care witnessed healthy demand conditions.
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