Colgate Q3 Review - Market Share Gains Remain Key: Prabhudas Lilladher
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Prabhudas Lilladher Report
We are changing earning per share estimates by down 0.4%/2.6% and 5.2% for FY21, FY22 and FY23 due to superior sales mix, comeback of premium segment in toothpastes and improving traction in Palmolive handwash and shower gel.
Domestic volume and value growth has been 5% while decline in exports has impacted overall sales growth. Toothbrush sales grew in high single digits.
Rural demand remains strong although toothpaste remains highly competitive and penetrated category.
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