Colgate India Q2 Review - Growth Unexciting, Valuations Offer Comfort: Prabhudas Lilladher
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.
Prabhudas Lilladher Report
We are cutting earnings per share estimates of Colgate-Palmolive India Ltd. by 6.4%/3.1%/3.5% for FY22/FY23/FY24 on the back of:
increased Input cost inflation and
low volume growth expected in H2 FY22 given large base in Q4 FY21 and
flattish Ebitda margins over FY21- 24 post sharp 460 basis points gains in FY21.
Increased promotions during the quarter resulted in ~4.2% volume growth but with pressure on realisations.
Colgate India is cautiously optimistic given no pressure on rural demand and benefits of its promotions, innovations and go-to-market initiatives.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.