Colgate-Palmolive (India) Ltd., incorporated in the year 1937, is a Large Cap company (having a market cap of Rs 42401.20 Crore) operating in FMCG sector.
Colgate-Palmolive (India) Ltd. key Products/Revenue Segments include Personal Care, Service Income and Scrap for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Standalone Total Income of Rs 1358.93 Crore, up 16.03 % from last quarter Total Income of Rs 1171.18 Crore and up 5.09 % from last year same quarter Total Income of Rs 1293.05 Crore. Company reported net profit after tax of Rs 269.17 Crore in latest quarter.
Investment Rationale
The brokerage likes CLGT’s business orientation of ‘essential and stable’, and its emphasis on a mix of volume/value growth, renovation of core, innovation across price points and introducing new platforms. RM inflationary headwinds to weigh on margins in the near term as crude prices remain high impacting packaging costs majorly. To factor the RM headwinds the brokerage lowers FY22E/23E/24E estimates on Revenue/EBITDA/PAT by 1-6%. It maintains BUY with revised TP of Rs. 1,765 (earlier Rs. 1,875) as it also lowers multiple a notch to 39x FY24E EPS.
Promoter/FII Holdings
Promoters held 51.0 per cent stake in the company as of 30-Sep-2021, while FIIs owned 19.14 per cent, DIIs 7.41 per cent.
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