BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Religare maintains sell on Colgate Palmolive
Colgate's Q4 revenue grew 7 per cent on the back of 3 per cent growth in toothpaste volumes. Its net profit fell 3 per cent on the back of higher ad spends. We believe weak macro and continued elevated ad spends to counter Patanjali and Dabur make the risk-reward unfavourable.