Buy Colgate-Palmolive (India), target price Rs 1620: Religare Broking

Religare Broking has buy call on Colgate-Palmolive (India) Ltd. with a target price of Rs 1620. The current market price of Colgate-Palmolive (India) is Rs 1560.5. Time period given by analyst is Intra Day 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 42469.20 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-2022.



Financials
For the quarter ended 31-03-2022, the company reported a Standalone Total Income of Rs 1310.13 Crore, up 1.89 % from last quarter Total Income of Rs 1285.80 Crore and up 1.58 % from last year same quarter Total Income of Rs 1289.81 Crore. Company reported net profit after tax of Rs 323.57 Crore in latest quarter.

Investment Rationale
Seeing noticeable buoyancy in the FMCG space and COLPAL, after a marginal pause, is all set for a surge.


Promoter/FII Holdings
Promoters held 51.0 per cent stake in the company as of 31-Mar-2022, while FIIs owned 18.64 per cent, DIIs 8.06 per cent.