Latest news with #Colgate-PalmoliveIndia
Time of India
27-05-2025
- Business
- Time of India
Axis Securities maintains Buy on Colgate-Palmolive (India), lowers target price to Rs 2,830
Axis Securities maintains the Buy call on Colgate-Palmolive (India) with a revised target price of Rs 2,830 (earlier Rs 2,950}. The current market price of Colgate-Palmolive (India) is Rs 2481.6. Colgate-Palmolive, incorporated in 1937, is a Large Cap company with a market cap of Rs 67436.12 crore, operating in the FMCG sector. Colgate-Palmolive India 's key products/revenue segments include Personal Care, Service Income and Scrap for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Standalone Total Income of Rs 1481.57 crore, down -.05 % from last quarter Total Income of Rs 1482.24 crore and down -2.06 % from last year same quarter Total Income of Rs 1512.66 crore. The company has reported net profit after tax of Rs 355.00 crore in the latest quarter. The company's top management includes Deoras, Narasimhan, Mr.M S Jacob, Sharma, Natarajan, Pant, Bhushan, Gupta, Kripalu. Company has SRBC & Co LLP as its auditors. As on 31-03-2025, the company has a total of 27 crore shares outstanding. Investment Rationale Axis Securities appreciates the company's overall long-term strategy, which focuses on driving top-line growth through initiatives such as: 1) Launching science-based premium products to enhance overall realisations, 2) Developing the category by increasing awareness through marketing initiatives, 3) Increasing the frequency of consumption and penetration in rural markets, and 4) Expanding the personal care portfolio to mitigate risks associated with the slow-growing oral care category. Moreover, demand environment is likely to improve in the coming quarters (H2FY26), and the stock price correction of 35% from the latest high all provides a huge margin of safety. Hence, the brokerage maintains its BUY rating with a revised target price of Rs 2,830 /share, implying an upside potential of 14% from the CMP.
Time of India
23-05-2025
- Business
- Time of India
Over two-thirds of urban Indians face financial stress, slowing demand for Oral Care products: Colgate-Palmolive CEO Prabha Narasimhan
Colgate-Palmolive India managing director and CEO Prabha Narasimhan on Thursday said more than two-thirds of urban Indian consumers are facing financial stress, leading to a slowdown in overall consumer demand, including for oral care products. While 30% urban consumers are resilient, the rest are delaying purchases of daily household and personal products, she said. "The bottom 70% of urban under pressure, and that pressure is leading to an impact on oral health volumes, as much as it is leading to impact on various other categories (and) FMCG volume," Narasimhan told analysts at an earnings call after the firm's March quarter results. She expects a revival in the second half of FY26. "Rural (India) continues to look like a real bright spot. So, we see this getting sequentially better, and particularly towards the back half of this year," she said. The company behind the eponymous toothpaste brand controls half the oral care segment in the country. Consumers are still not shifting to lower-priced products and are instead extending their product usage a little longer, Narasimhan told analysts. "Consumers don't stop buying or using toothpaste. The way to adjust how much you spend on this category is actually by adjusting how much toothpaste you put on your toothbrush, and therefore the titration downwards of that usage is what leads to a decline in volume," she explained. "We are not actually seeing downtrading in the market, and the reason for the slowing volume growth is actually consumers titrating the amount of toothpaste that they use. So, it's not that consumers drop out of the category. The overall penetration of the toothpaste category remains at its near universal level. It doesn't wobble." Narasimhan expects the macro indicators and the company's interventions through new innovations to help reverse the slowdown in demand. Colgate-Palmolive on Wednesday reported a 2% year-on-year fall in its revenue for the quarter ended March, while its net profit declined 7%. Demand for daily groceries and other household and personal products worsened to a two-year low during the March quarter, indicating delayed turnaround for India's fast-moving consumer goods (FMCG) sector. Global research firm Kantar said FMCG volume sales growth in the January-March quarter was 3.5%, slowest since the 2023 March quarter. A year ago, the market had grown 5.5% during the same quarter. Earlier this year, Colgate had said India was the most prominent market globally to experience fierce competition among consumer goods companies, marked by steep discounting to attract urban shoppers.
Time of India
22-05-2025
- Business
- Time of India
Over two-thirds of urban Indians face financial stress, slowing demand for Oral Care products: Colgate-Palmolive CEO Prabha Narasimhan
Colgate-Palmolive India managing director and CEO Prabha Narasimhan on Thursday said more than two-thirds of urban Indian consumers are facing financial stress, leading to a slowdown in overall consumer demand, including for oral care products. While 30% urban consumers are resilient, the rest are delaying purchases of daily household and personal products, she said. "The bottom 70% of urban under pressure, and that pressure is leading to an impact on oral health volumes, as much as it is leading to impact on various other categories (and) FMCG volume," Narasimhan told analysts at an earnings call after the firm's March quarter results. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Man Fights Nail Fungus for 15 Years…Until He Found This New Brush-On "Pen" Lunavia Learn More Undo She expects a revival in the second half of FY26. "Rural (India) continues to look like a real bright spot. So, we see this getting sequentially better, and particularly towards the back half of this year," she said. The company behind the eponymous toothpaste brand controls half the oral care segment in the country. Live Events Consumers are still not shifting to lower-priced products and are instead extending their product usage a little longer, Narasimhan told analysts. "Consumers don't stop buying or using toothpaste. The way to adjust how much you spend on this category is actually by adjusting how much toothpaste you put on your toothbrush, and therefore the titration downwards of that usage is what leads to a decline in volume," she explained. "We are not actually seeing downtrading in the market, and the reason for the slowing volume growth is actually consumers titrating the amount of toothpaste that they use. So, it's not that consumers drop out of the category. The overall penetration of the toothpaste category remains at its near universal level. It doesn't wobble." Narasimhan expects the macro indicators and the company's interventions through new innovations to help reverse the slowdown in demand. Colgate-Palmolive on Wednesday reported a 2% year-on-year fall in its revenue for the quarter ended March, while its net profit declined 7%. Demand for daily groceries and other household and personal products worsened to a two-year low during the March quarter, indicating delayed turnaround for India's fast-moving consumer goods (FMCG) sector. Global research firm Kantar said FMCG volume sales growth in the January-March quarter was 3.5%, slowest since the 2023 March quarter. A year ago, the market had grown 5.5% during the same quarter. Earlier this year, Colgate had said India was the most prominent market globally to experience fierce competition among consumer goods companies, marked by steep discounting to attract urban shoppers.
