Colgate Palmolive: Weak macros, competition from HUL key overhang on stock

Analysts believe the company needs to "adopt more aggressive strategy to accelerate growth in segments like handwash and sanitizers to be able to compete with firms like Hindustan Unilever and Dabur

Despite a decent September quarter (Q2FY21) result, Street gave thumbs down to Colgate Palmolive (India). Shares of the company slipped around 1 per cent to Rs 1,415 apiece on the BSE on Thursday. With today’s loss, the stock has slipped 4 per cent in the past three trading sessions, BSE data show.

For the quarter ending September 30, 2020, the company posted a 12.3 per cent jump in consolidated net profit at Rs 274.2 crore, as against Rs 244.1 crore profit reported in the year-ago quarter. The revenue, meanwhile, was up 5.2 per cent at Rs 1,286 crore, as