Colgate-Palmolive (India) Ltd., incorporated in the year 1937, is a Large Cap company (having a market cap of Rs 43523.14 Crore) operating in FMCG sector.
Financials
For the quarter ended 30-09-2020, the company reported a Standalone sales of Rs 1277.66 Crore, up 23.61 % from last quarter Sales of Rs 1033.60 Crore and up 5.31 % from last year same quarter Sales of Rs 1213.21 Crore Company reported net profit after tax of Rs 274.19 Crore in latest quarter.
Investment Rationale
Progress on two factors is a key monitorable (a) the company’s plans to enter into new categories by capitalising on its distribution strength of over 6m outlets and (b) the longer term benefits of the brushing twice a day that it is formulating. The brokerage maintains Buy, with a TP of INR 1,860 (44x Dec’22 EPS).
Promoter/FII Holdings
Promoters held 51 per cent stake in the company as of Sept 30, 2020, while FIIs held 15.7 per cent, DIIs 11.1 per cent and public and others 22.2 per cent.
