Add Colgate-Palmolive (India), target price Rs 1750: ICICI Securities

ICICI Securities has add call on Colgate-Palmolive (India) with a target price of Rs 1750. The current market price of Colgate-Palmolive (India) is Rs 1570. Time period given by analyst is one year when Colgate-Palmolive (India) Ltd. price can reach defined target.

Colgate-Palmolive (India) Ltd., incorporated in the year 1937, is a Large Cap company (having a market cap of Rs 42811.90 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-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 1208.35 Crore, down -7.77 % from last quarter Total Income of Rs 1310.13 Crore and up 3.17 % from last year same quarter Total Income of Rs 1171.18 Crore. Company reported net profit after tax of Rs 209.67 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 51.0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 18.7 per cent, DIIs 8.83 per cent.