Colgate-Palmolive India falls as Q2 results miss estimates

Colgate-Palmolive (India)

23/10/2026 05:13

** Shares of Colgate-Palmolive India COLG.NS fall 1.9% to 1,652.80 rupees
** Personal products manufacturer on track for five straight sessions of losses
** Emkay Global says COLG missed EBITDA, profit after tax and revenue estimates due to weak demand and elevated competitive intensity
** Jefferies attributes miss to higher spending on advertisements which sharply contracted profit margins
** Dolat Capital says volume growth was driven by higher investments but flagged sustainability of growth rate as key concern
** The Indian unit of US-based Colgate-Palmolive CL.N said Q2 net profit rose 4% to 3.42 billion rupees ($36.07 million), while revenue increased 12.3% to 16.92 billion rupees in the July-September quarter
** Stock rated "hold" on avg by 26 analysts, with median PT of 2,078.50 rupees - data compiled by LSEG
** Stock down 18.82% YTD
     


($1 = 94.8175 Indian rupees)

 (Reporting by Anushka Rajvedi in Bengaluru)
 ((mailto: anushka.rajvedi@thomsonreuters.com))