Buy Colgate-Palmolive (India), target price Rs 2885: Axis Securities

Colgate-Palmolive (India) Ltd. key Products/Revenue Segments include Personal Care, Service Income and Scrap for the year ending 31-Mar-2022.

By ETMarkets.com | Mar 19, 2024, 10.32 AM IST

Promoters held 51.0 per cent stake in the company as of 31-Dec-2023, while FIIs owned 24.62 per cent, DIIs 5.59 per cent.

Axis Securities has buy call on Colgate-Palmolive (India) with a target price of Rs 2885. The current market price of Colgate-Palmolive (India) is Rs 2663.95.

Colgate-Palmolive (India) Ltd., incorporated in the year 1937, is a Large Cap company (having a market cap of Rs 72670.48 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 31-12-2023, the company reported a Standalone Total Income of Rs 1413.54 Crore, down -5.27 % from last quarter Total Income of Rs 1492.10 Crore and up 8.59 % from last year same quarter Total Income of Rs 1301.68 Crore. Company reported net profit after tax of Rs 330.11 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 51.0 per cent stake in the company as of 31-Dec-2023, while FIIs owned 24.62 per cent, DIIs 5.59 per cent.

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