Colgate-Palmolive India falls 3% to Rs 2,100 as brokerages split on margin outlook
Stock slides post-Q4 amid divided Street view: Jefferies bullish with Rs 2,600 TP citing premiumisation in oral care, while HSBC (Rs 2,150), Kotak (Rs 2,025) and CLSA (Rs 1,955) flag margin pressure from elevated ad spends and GST changes. Q4 revenue grew 7%; Rs 24 dividend declared.
Colgate-Palmolive India shares fell 3% to Rs 2,100 on mixed brokerage views post-Q4. Jefferies bullish (TP Rs 2,600); HSBC, Kotak, CLSA cautious citing margin pressure from higher ad spends, GST changes despite premiumisation-led growth in oral care.
Why this matters
Follows Colgate's 9% Q4 revenue growth and stated push into premium oral care backed by higher ad spend. Street is now divided on whether premiumisation can offset near-term margin compression.
Retail-company signals steady at 1,063 over the last 90 days.