Buy Colgate-Palmolive, target price Rs 1810: Motilal Oswal

Buy Colgate-Palmolive, target price Rs 1810:  Motilal Oswal

Motilal Oswal has buy call on Colgate-Palmolive (India) with a target price of Rs 1810. The current market price of Colgate-Palmolive (India) Ltd. is Rs 1602.

Colgate-Palmolive (India) Ltd., incorporated in the year 1937, is a Large Cap company (having a market cap of Rs 42968.29 Crore) operating in FMCG sector.

For the quarter ended 31-12-2020, the company reported a Standalone sales of Rs 1224.21 Crore, down 4.18 % from last quarter Sales of Rs 1277.66 Crore and up 7.76 % from last year same quarter Sales of Rs 1136.02 Crore Company reported net profit after tax of Rs 248.36 Crore in latest quarter.

Investment Rationale
Inexpensive valuations and the potential benefits of a strong rural presence have led to maintain Buy rating on the stock.

Promoter/FII Holdings
Promoters held 51 per cent stake in the company as of Dec 30, 2020, while FIIs held 16.6 per cent, DIIs 10.4 per cent and public and others 22 per cent.

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