1516.70
-0.54%
buy
KRChoksey
Colgate reported revenue increase of 5.2% YoY / 23.5% QoQ. Domestic net sales for the quarter reported 7.1% YoY growth. EBITDA margin expanded to 31.8% in Q2FY21 (from 26.4% in Q2FY20) primarily benefitting from Change in inventories to the tune of INR 599 Cr. Raw materials stood at 28.5% of sales (vs 28.8% of sales in Q2FY20). Employee cost was also on increase that grew 18.0% YoY. Purchase of stock in trade for the quarter however was higher at 8.1% of revenue (vs 5.1% in Q2FY20). Overall, EBITDA margin expanded sharply by 541 bps YoY / 224 bps QoQ. Consequently, Net Profit grew 12.3% YoY (+38.4% QoQ) due to lower cost of sales as total expenditure declined 2.5% YoY and lower interest expense that declined 24.5% YoY. Net Profit margin for the quarter expanded by 135bps YoY / 229 bps QoQ to 21.3%....
KRChoksey increased Accumulate price target of Colgate-Palmolive (India) Ltd. to 1622.0 on 26 Oct, 2020.
1516.70
-0.54%
HDFC Securities
Colgate Palmolive: Colgate reported a healthy 2QFY21 with 5% net revenue growth (HSIE 4.5%) and 7% domestic growth. Volume and price have equally contributed to the revenue growth. Toothpaste recovery was healthy (no sequential divergences) while toothbrush exit recovery was encouraging. Dental cream and Max fresh posted encouraging recovery. Naturals toothpaste continue to outperform (even as an industry) although the growth gap has gone down. Market share was stable during the quarter. GM expanded sharply (339bps YoY) owing to (1) price hike, (2) soft raw material and (3) favourable mix (lower revenue share of toothbrush and exports and higher share of larger pack size). We expect gradual growth recovery with healthy margin expansion in 2HFY21 and increase our estimates for FY21/22 by 6/1%. We value Colgate at 40x P/E on Sep-22E EPS and derive a target price of Rs 1,529. Maintain ADD. Bajaj Finance: While BAFs 2QFY21 operating performance was in line with estimates, earnings were lower on account of higher than expected provisions. The management was prudent in its approach to growth and provisioning. Even as we build higher provisions, our earnings estimates remain largely unchanged as we factor in a slight improvement in cost metrics. Our outlook on the companys long-term prospects remains positive. We continue to believe that current valuations do not fully capture BAFs high RoAE potential (refer to our recent IC). We maintain ADD with a target price of Rs 3,647. UltraTech Cement: During 2QFY21, UTCEM reported solid earnings beat, driven by strong cost controls, healthy realisation and strong retail demand....
Colgate-Palmolive (India) Ltd. is trading above all available SMAs
1516.70
-0.54%
default
Colgate-Palmolive (I.. has an average target of 1596.60 from 10 brokers.
1516.70
-0.54%
ICICI Securities Limited
KRChoksey increased Accumulate price target of Colgate-Palmolive (India) Ltd. to 1622.0 on 26 Oct, 2020.
1516.70
-0.54%
Axis Direct
We maintain BUY and TP of Rs. 1,565 as we value the stock at 38x its FY23E EPS.
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Number of FIIs/FPIs holding stock rose by 8 to 658 in Sep 2020 qtr.
1516.70
-0.54%
buy
Number of FIIs/FPIs holding stock rose by 8 to 658 in Sep 2020 qtr.
1516.70
-0.54%
Colgate-Palmolive (India) Ltd. is trading above all available SMAs
1516.70
-0.54%
default
Colgate-Palmolive (I.. has an average target of 1596.60 from 10 brokers.
1516.70
-0.54%
Axis Direct
We initiate coverage on Colgate Palmolive (India) Ltd. (CLGT) with a BUY recommendation and a Target Price of Rs. 1,565, which implies 15% upside from current levels.
KRChoksey increased Accumulate price target of Colgate-Palmolive (India) Ltd. to 1622.0 on 26 Oct, 2020.
1516.70
-0.54%
Geojit BNP Paribas
Proven the resilient performance for the quarter and an attractive market share recovery in near-term, we retain BUY rating on the stock with a revised target price of Rs. 1,770 based on 50x FY22E adj. EPS. Exceptional brand image benefiting revenue despite pandemic The standalone business revenue showed a dip of 3.9% YoY to Rs. 1,034cr in Q1FY21 as sales volumes remained stagnant YoY, majorly impacted by a fall in toothbrush and body wash segment. Disrupted supply and distribution also added to the decline in revenue. On the contrary, toothpaste segment showed resilience in maintaining its...
Colgate-Palmolive (India) Ltd. is trading above all available SMAs