Colgate a good stock to buy: Seshadri Bharathan
The company posted robust Q1 numbers and we are seeing that the company is gaining market share both in toothpaste as well as toothbrush segment.
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| Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd., in a chat with ET Now talks about Colgate Palmolive.
Colgate on the charts ?
It's the largest oral care company in India. We have seen that company posted robust Q1 numbers and we are seeing that the company is gaining market share both in toothpaste as well as toothbrush segment. Company has initiated very strong cost cutting measures and with improving efficiencies we are seeing the operating profit margins for the company shooting up. The target here is Rs928 which is just 25 times FY12 earnings of around Rs37.7.
Colgate on the charts ?
It's the largest oral care company in India. We have seen that company posted robust Q1 numbers and we are seeing that the company is gaining market share both in toothpaste as well as toothbrush segment. Company has initiated very strong cost cutting measures and with improving efficiencies we are seeing the operating profit margins for the company shooting up. The target here is Rs928 which is just 25 times FY12 earnings of around Rs37.7.
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