Business Standard

Recovery in rural India, market share key for Colgate-Palmolive growth

Management optimistic about growth as stock valuation stays unchanged for India's largest oral care company

During the second wave, consumers are behaving differently as people are buying  more essential supplies online, price inflation in personal care is collapsing. (Photo: Bloomberg)

The company is looking at launches and niche segments to expand its share, especially in the ayurvedic category

Ram Prasad Sahu Mumbai
The July-September quarter results of the country’s largest oral care company, Colgate-Palmolive (India), was marginally below Street estimates on the revenue front, while its margin performance came up rather short.

The consumer products company reported 2.6 per cent growth year-on-year (YoY) to Rs 1,378 crore; this was up 15.9 per cent on a sequential basis.

Most analysts had pegged their estimates closer to the Rs 1,400-crore mark and believed the company had possibly witnessed a volume decline of 1-2 per cent in the quarter on account of rural slackening and inflationary strain.

The company, however, indicated its sales are on

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First Published: Oct 25 2022 | 11:55 AM IST

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