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BUZZ-India's Colgate Palmolive falls, brokerages see slow near-term growth

Reuters
Jan 29, 2025
BUZZ-India's Colgate Palmolive falls, brokerages see slow near-term growth

** Shares of toothpaste maker Colgate Palmolive COLG.NS down 1.7% to 2632.5 rupees

** Elara Capital downgrades to 'reduce' from 'accumulate', cuts PT to 2,760 rupees from 3,300 rupees

** Says slower growth on the horizon on urban demand slowdown, competition and co's investments in branding and product

** Systematix cuts PT to 2,835 rupees from 3,045 rupees on near-term growth slowdown concerns

** Says innovation in premium category of oral care could drive revenue growth in medium term

** Emkay sees future growth driven by volume, with price growth limited in a muted demand environment; retains PT of 2,700

** Stock rated 'hold' on avg; median PT at 3,025 rupees - LSEG

** Stock trims 12-month gain to 6.2%

(Reporting by Ananta Agarwal in Bengaluru)

((Ananta.Agarwal@thomsonreuters.com))

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