Buy Colgate Palmolive, target price Rs 1,600: Swati Hotkar

Swati Hotkar of Nirmal Bang Securities has a buy call on Colgate Palmolive with a target price of Rs 1,600. The current market price of Colgate Palmolive is Rs 1,527.55. Swati Hotkar recommended to keep a stop loss at Rs 1,480.

Colgate-Palmolive (India), incorporated in the year 1937, is a large cap company (having a market cap of Rs 40,782.89 crore) operating in the FMCG sector.

Colgate-Palmolive (India) key products/revenue segments include personal care which contributed Rs 4,299.89 crore to sales value (99.34 per cent of total sales), service income which contributed Rs 25.15 crore to sales value (0.58 per cent of total sales) and scrap which contributed Rs 3.38 crore to sales value (0.07 per cent of total sales) for the year ending 31 March, 2018.


For the quarter ended 30-06-2019, the company has reported standalone sales of Rs 1,075.99 crore, down 6.16 per cent from last quarter sales of Rs 1,146.63 crore and up 4.11 per cent from last year same quarter sales of Rs 1,033.55 crore. The company has reported a net profit after tax of Rs 169.11 crore in latest quarter. The company’s top management includes Indu Shahani, Issam Bachaalani, M Chandrasekar, M S Jacob, Mukul Deoras, P K Ghosh, R A Shah, Vikram Mehta, Shyamala Gopinath and Sukanya Kripalu. The company has SRBC & Co LLP as its auditor. As on 30-06-2019, the company has a total of 271,985,634 shares outstanding.