Colgate Q3 Review - Elevated Margins To Sustain: ICICI Direct
A Colgate-Palmolive Co. Colgate brand toothbrush. (Photographer: Daniel Acker/Bloomberg)

Colgate Q3 Review - Elevated Margins To Sustain: ICICI Direct

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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 robust results with 7.8% consolidated revenue growth led by double digit domestic sales growth of 10.1%.

We believe growth was largely driven by volumes given the company has significantly increased its marketing spends in brand building and promotions.

Further, we believe new mouth spray also started contributing to revenues.

The company launched oil pulling and toothpaste for diabetics during the quarter. The company also launched Naturals toothbrush portfolio with the launches of Super Flexi Salt and Zig Zag Turmeric.

Given the sharp decline in commodity cost, gross margins expanded 400 basis points.

Click on the attachment to read the full report:

ICICI Direct Colgate Q3FY21 Result Update.pdf

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