BUZZ-Colgate-Palmolive (India) drops on weak first-quarter results

Reuters
23 Jul
BUZZ-Colgate-Palmolive (India) drops on weak first-quarter results

** Colgate-Palmolive (India) COLG.NS drops 3% to 2,312.80 rupees

** Toothpaste maker reported lower Q1 profit on stiff competition and a slow urban demand

** Jefferies ("buy," PT: 2,700 rupees) says Q1 results were a miss and COLG's volume decline is a key disappointment

** Investec ("sell," PT: 2,366 rupees) says decline was most in the toothpastes business, adding that it expects continued demand stress with gradual recovery only seen from second half of 2025

** Avg rating of 31 analysts on COLG at "hold"; median PT is 2,542 rupees - data compiled by LSEG

** Stock extends YTD decline to 14%

(Reporting by Kashish Tandon in Bengaluru)

((Kashish.tandon@thomsonreuters.com))

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