Add Colgate-Palmolive (India), target price Rs 1700: HDFC Securities

Add Colgate-Palmolive (India), target price Rs 1700: HDFC Securities
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Synopsis

Promoters held 51 per cent stake in the company as of 30-Sep-2022, while FIIs owned 18.7 per cent, DIIs 8.56 per cent.

AddiStock
Colgate-Palmolive (India), incorporated in the year 1937, is a Large Cap company (having a market cap of Rs 40482.34 Crore) operating in FMCG sector.
Securities has add call on (India) with a target price of Rs 1700. The current market price of Colgate-Palmolive (India) is Rs 1488.

Colgate-Palmolive (India), incorporated in the year 1937, is a Large Cap company (having a market cap of Rs 40482.34 Crore) operating in FMCG sector.

Colgate-Palmolive (India) key Products/Revenue Segments include Personal Care, Service Income and Scrap for the year ending 31-Mar-2022.

Financials
For the quarter ended 30-09-2022, the company has reported a Standalone Total Income of Rs 1398.76 Crore, up 15.76 % from last quarter Total Income of Rs 1208.35 Crore and up 2.93 % from last year same quarter Total Income of Rs 1358.93 Crore. Company has reported net profit after tax of Rs 278.02 Crore in latest quarter.

The company’s top management includes Mr.Mukul Deoras, Mr.M S Jacob, Mr.Surender Sharma, Mr.Sekhar Natarajan, Ms.Gopika Pant, Mr.Vikram Singh Mehta, Ms.Sukanya Kripalu, Dr.(Ms.)Indu Shahani, Ms.Shyamala Gopinath. Company has SRBC & Co LLP as its auditors. As on 30-09-2022, the company has a total of 27 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 51 per cent stake in the company as of 30-Sep-2022, while FIIs owned 18.7 per cent, DIIs 8.56 per cent.
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