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This Article is From Oct 22, 2020

Motilal Oswal: Colgate Palmolive Beats Estimates On Record High Operating Margin

Motilal Oswal: Colgate Palmolive Beats Estimates On Record High Operating Margin
An employee arranges Colgate-Palmolive Co. Colgate brand toothpaste at a Big Bazaar hypermarket, operated by Future Retail Ltd., in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Colgate Palmolive India Ltd. reported a beat on all fronts relative to expectations, led by all-time high Ebitda margins.

Hindustan Unilever Ltd. (the second largest oral care player) disclosed in its Q2 FY21 results that it had achieved double-digit sales growth in oral care in the quarter.

In view of this, Colgate's 5% top line growth and likely 4% volume growth in Q2 FY21 seems disappointing, even as we await numbers from Dabur Ltd., the third largest player in the category.

There was a hint of some incipient revival in market share in Q4 FY20. Therefore, further loss of share to peers, if true, would be disappointing.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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