Colgate’s Strong Operational Performance Continues In Q3: Dolat Capital
A shopper examines a box of Colgate toothpaste at a store in Mumbai. (Photographer: Sebastian D’souza/Bloomberg News)

Colgate’s Strong Operational Performance Continues In Q3: Dolat Capital

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.

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.

Click on the attachment to read the full report:

Dolat Capital Colgate Palmolive Q3FY21 Result Update.pdf

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