India's Colgate-Palmolive falls on tepid third-quarter profit

Colgate-Palmolive (India)

30/01/2026 03:52

** Shares of Colgate-Palmolive (India) COLG.NS fall 1.41% to 2,078.40 rupees

** The toothpaste maker posts 0.3% y/y rise in third-quarter net profit to 3.24 billion rupees ($35.26 million) due to demand for its oral hygiene products, even as it took a one-time charge tied to India's new labour codes

** Jefferies ("buy", PT revised to 2500 rupees, from 2450 rupees) says revenue and EBITDA were broadly in line with consensus estimates, but highlights co as a contra play given low investor expectations

** Brokerage Emkay Global ("sell", PT: 2000 rupees) expects near‑term relief from lower volume pressure but still sees category and competitive challenges

** Stock rated "hold" on avg by 28 analysts, median PT at 2350 rupees - LSEG-compiled data

** COLG dropped 22.5% in 2025, and up ~1.8% so far in January

($1 = 91.8760 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))