India's Colgate Palmolive falls, brokerages see slow near-term growth

Colgate-Palmolive (India)

29/01/2025 05:05

** Shares of toothpaste maker Colgate Palmolive  COLG.NS 
down 1.7% to 2632.5 rupees
    ** Elara Capital downgrades to 'reduce' from 'accumulate',
cuts PT to 2,760 rupees from 3,300 rupees
    ** Says slower growth on the horizon on urban demand
slowdown, competition and co's investments in branding and
product
    ** Systematix cuts PT to 2,835 rupees from 3,045 rupees on
near-term growth slowdown concerns
    ** Says innovation in premium category of oral care could
drive revenue growth in medium term
    ** Emkay sees future growth driven by volume, with price
growth limited in a muted demand environment; retains PT of
2,700
    ** Stock rated 'hold' on avg; median PT at 3,025 rupees -
LSEG
    ** Stock trims 12-month gain to 6.2%

 (Reporting by Ananta Agarwal in Bengaluru)
 ((Ananta.Agarwal@thomsonreuters.com))