Colgate’s Strong Operational Performance Continues In Q3: Dolat Capital
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Dolat Capital Report
Colgate Palmolive India Ltd.’s Q3 FY21 revenue and Ebitda were in line with our expectation but adjusted profit after tax was marginally ahead.
Domestic business posted 10.1% sales growth during Q3.
All categories witnessed positive growth driven by household penetration. A 400 basis points expansion in gross margin was a key positive.
With better product mix, we expect gross margins to remain healthy.
Advertisement and promotion spends increased significantly by 360 basis points, to support innovations.
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