India's Colgate Palmolive drops on quarterly profit fall

Colgate-Palmolive

24/10/2025 05:15

** Shares of toothpaste maker Colgate-Palmolive COLG.NS fall 3.4% to 2,209 rupees

** Co's PAT falls 7.2% Y/Y to 3.28 billion rupees ($37.32 million), rev down 6.3% Y/Y

** Goldman Sachs says revenue decline partly due to GST transition, but underlying trends also weak

** Adds, COLG underperforming peer Hindustan Unilever HLL.NS in toothpaste category

** JP Morgan downgrades to "neutral", cuts PT to 2,400 rupees from 2,625 rupees

** Says volumes to recover in second half of fiscal but will likely remain weakest among peers

** Stock rated "hold" on avg by 31 analysts covering it; median PT at 2,440 rupees- data compiled by LSEG

** YTD, COLG down ~18% vs HLL's 8% rise

($1 = 87.8950 Indian rupees)

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))