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Research Report Detail
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Credit Suisse downgrades Colgate-Palmolive (India) to neutral
Credit Suisse downgrades Colgate to "neutral" from "outperform". Patanjali's ramp up in toothpaste to cap volume growth of Colgate. Earnings still going to see a decent CAGR of 17%. Low volume growth will cap upside on the stock. The brokerage cuts FY2017-18 earnings estimates by 3-7 per cent. Colgate has been heavily investing in innovation.