Add Colgate-Palmolive (India), target price Rs 1800: HDFC Securities

HDFC Securities has add call on Colgate-Palmolive (India) Ltd. with a target price of Rs 1800. The current market price of Colgate-Palmolive (India) is Rs 1457.45.

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 39334.56 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.


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.