Colgate Palmolive Q4 Review - More Of The Same: ICICI Securities
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ICICI Securities Report
Colgate-Palmolive India Ltd.'s domestic revenue growth of 20% (two year compound annual growth rate of 5%) was in-line.
Volume growth was ~16% (our estimate).
Focus towards the naturals category (gained market shares), increasing brand visibility and step-up in innovations are positives. \
We believe the company is continuing to benefit from-
a largely ‘essential’ portfolio,
presence across the price-benefit pyramid – helps capture any impact of downtrading,
strong distribution reach and
premiumisation driven by differentiated products with focus on modern trade and e-commerce.
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