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

Colgate-Palmolive (India)

23/07/2025 05:52

** 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))