Colgate Palmolive India slips to YTD losses after lower Q4 profit

Colgate-Palmolive (India)

22/05/2025 05:01

** Shares of Colgate Palmolive India COLG.NS down 4.3% to 2,546 rupees

** Day's move pushes stock to YTD losses, now down 0.8% in 2025

** Toothpaste-maker's Q4 profit declined 6.5%, rev fell 2%

** Nomura estimates 2% drop in toothpaste volumes vs its previous forecast of flat growth

** We believe vols could remain strained in near term, brokerage says

** Co, on an avg, rated "hold" with median TP at 2,768 rupees - data compiled by LSEG

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com;))