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Colgate Q2 Review — GST Revision Hit Performance Says Dolat Capital Maintaining 'Reduce', Trims Target Price
Colgate's net revenue de-grew by 6.2% YoY to Rs 15.2 billion due to the tough operating environment and temporary disruption caused by the GST rate revision.
24 Oct 2025, 10:11 AM IST 
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Colgate's gross margin expanded by 90bps YoY to 69.5% led by lower raw material cost.
(Photo: Usha Kunji/ Source: NDTV Profit)
Colgate's Q2 FY26 results were impacted by a tough operating environment, temporary disruption caused by GST rate revision, intense competition, and a high base effect. During the quarter, GST rates on the oral care portfolio were reduced from 18% to 5%, impacting short-term performance due to transitional disruptions.
