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Prabhudas Lilladher Report
We are increasing earnings per share estimates by 2.5%/2.6% for FY23/FY24 due to strong margin strength in Q4 in inflationary environment and stable market share.
Colgate-Palmolive India Ltd. has increased focus sustaining growth in the core segments and incremental growth from innovations in oral care, body wash and Face cleansing products.
Bounce back in family toothpaste segment and slight moderation in growth rates of naturals segment augurs well for sustaining share in highly penetrated toothpaste category.
We expect rural demand to recover given favorable monsoons, higher crop prices, revival in housing and Government capex which would boost demand.
Colgate is focusing on accelerating growth led by-
ramping up innovations (Colgate Gum Expert, Colgate Visible White),
increasing promotion intensity,
entry into premium face cleansing category (foams, scrubs and masques under Palmolive brand).
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