External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Colgate Palmolive (India) / Equity Bottom-Up

<ul><li>Weak Quarter: Colgate-Palmolive reported Q2FY26 revenue of Rs 1,507 Cr, down 6.3% YoY, affected by transitory disruption at distributors and retailers across channels caused by GST rate revision, and an unfavourable base effect.</li><li>Despite top-line pressure, management highlighted continued progress in category premiumization, with a strong focus on innovation.</li><li>The premium portfolio delivered strong growth during the quarter, led by Colgate Visible White Purple.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Weak Quarter: Colgate-Palmolive reported Q2FY26 revenue of Rs 1,507 Cr, down 6.3% YoY, affected by transitory disruption at distributors and retailers across channels caused by GST rate revision, and an unfavourable base effect.Despite top-line pressure, management highlighted continued progress in category premiumization, with a strong focus on innovation.The premium portfolio delivered strong growth during the quarter, led by Colgate Visible White Purple.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Colgate Palmolive (India) Ltd - Miss on All Fronts; Gradual Recovery Ahead

<ul><li>Subdued Performance: Colgate-Palmolive reported Q1FY26 revenue of Rs 1,421 Cr, down 4.4% YoY, affected by muted urban demand, heightened competition, and an unfavourable base effect.</li><li>Despite topline pressure, management highlighted continued progress in category premiumization, with a strong focus on innovation.</li><li>The premium portfolio delivered robust growth during the quarter, partially offsetting broader volume weakness. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Subdued Performance: Colgate-Palmolive reported Q1FY26 revenue of Rs 1,421 Cr, down 4.4% YoY, affected by muted urban demand, heightened competition, and an unfavourable base effect.Despite topline pressure, management highlighted continued progress in category premiumization, with a strong focus on innovation.The premium portfolio delivered robust growth during the quarter, partially offsetting broader volume weakness. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Colgate Palmolive (India) Ltd - Miss on All Fronts; Long-Term Strategy Intact

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Colgate Palmolive's (CLGT) 3QFY25 results were weaker than our expectations, as the urban slowdown weighed on domestic consumption</li><li>Moreover, during 3QFY25, overall performance was somewhat boosted by a one-off performance in the exports business, which we believe is not sustainable</li><li>The toothpaste segment saw intrinsic mid-single-digit volume growth, however, adjusting for consumer promotions, volume growth drifted to low single digits</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Colgate Palmolive's (CLGT) 3QFY25 results were weaker than our expectations, as the urban slowdown weighed on domestic consumptionMoreover, during 3QFY25, overall performance was somewhat boosted by a one-off performance in the exports business, which we believe is not sustainableThe toothpaste segment saw intrinsic mid-single-digit volume growth, however, adjusting for consumer promotions, volume growth drifted to low single digitsContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Colgate-Palmolive (3QFY25): Who Moved My Smile? Maintain REDUCE

<ul><li>Muted demand environment: The company reported Q3FY25 revenue of Rs 1,452 Cr, up by ~5% YoY (mid-single-digit volume growth), a sharp decline from double-digit growth in H1FY25 impacted by a subdued demand environment, particularly in the urban market.</li><li>However, the management emphasised that the positive momentum in their premium portfolio continues, led by science-backed innovations.</li><li>New launches: CLGT launched the MaxFresh range with heart-shaped cooling crystals and 10x longer-lasting cooling effects.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Muted demand environment: The company reported Q3FY25 revenue of Rs 1,452 Cr, up by ~5% YoY (mid-single-digit volume growth), a sharp decline from double-digit growth in H1FY25 impacted by a subdued demand environment, particularly in the urban market.However, the management emphasised that the positive momentum in their premium portfolio continues, led by science-backed innovations.New launches: CLGT launched the MaxFresh range with heart-shaped cooling crystals and 10x longer-lasting cooling effects.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Colgate Palmolive (India) Ltd - Demand Remains Subdued; Maintain HOLD

Consumer Analyst / Channel Surveillance Specialist, Trudence Capital Advisors

Pranav Bhavsar

Consumer Analyst / Channel Surveillance Specialist

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

<ul>
<li>The 56th GST Council Meeting is currently underway in New Delhi, having commenced on September 3, 2025 at 11:00 AM and will continue until September 4, 2025.</li>
<li>These are supposed to be "next-generation GST reforms" with a promise of implementing reforms as a "Diwali gift" for consumers.</li>
<li>Negative FII Participation, Negative Price Action, Rich Multiples coupled with Negative Earnings Revisions argue for a bearish positioning going into the "G" Day - Day of GST Reform Announcements.</li>
</ul>


The 56th GST Council Meeting is currently underway in New Delhi, having commenced on September 3, 2025 at 11:00 AM and will continue until September 4, 2025.
These are supposed to be "next-generation GST reforms" with a promise of implementing reforms as a "Diwali gift" for consumers.
Negative FII Participation, Negative Price Action, Rich Multiples coupled with Negative Earnings Revisions argue for a bearish positioning going into the "G" Day - Day of GST Reform Announcements.


A Trader's Guide To "G" Day | Positioning For "Next-Generation GST Reforms"

India

Colgate-Palmolive (India) Ltd. manufactures consumer products in the oral care and body care area. The Company's products include soaps, cosmetics, toilet preparations, toothpaste, toothbrushes, shaving brushes, and glycerin.

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Colgate Palmolive (India) (CLGT IN)

Colgate Palmolive (India) Ltd - Miss on All Fronts; Gradual Recovery Ahead

Colgate-Palmolive reported Q2FY26 revenue of Rs 1,507 Cr, down 6.3% YoY, affected by transitory disruption at distributors and retailers across...

Axis Direct

Colgate Palmolive (India) Ltd - Miss on All Fronts; Long-Term Strategy Intact

Subdued Performance: Colgate-Palmolive reported Q1FY26 revenue of Rs 1,421 Cr, down 4.4% YoY, affected by muted urban demand, heightened...

Axis Direct

Colgate-Palmolive (3QFY25): Who Moved My Smile? Maintain REDUCE

Colgate Palmolive's (CLGT) 3QFY25 results were weaker than our expectations, as the urban slowdown weighed on domestic consumption

HDFC Securities

Colgate Palmolive (India) Ltd - Demand Remains Subdued; Maintain HOLD

The company reported Q3FY25 revenue of Rs 1,452 Cr, up by ~5% YoY (mid-single-digit volume growth), a sharp decline from double-digit growth in H1FY25

Axis Direct

A Trader's Guide To "G" Day | Positioning For "Next-Generation GST Reforms"

The 56th GST Council Meeting in New Delhi aims to bring next-generation reforms as a "Diwali gift" for consumers, but market indicators suggest a...

Pranav Bhavsar

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Colgate Palmolive (India) Ltd - Miss on All Fronts; Gradual Recovery Ahead

Colgate-Palmolive reported Q2FY26 revenue of Rs 1,507 Cr, down 6.3% YoY, affected by transitory disruption at distributors and retailers across...

Axis Direct

Colgate Palmolive (India) Ltd - Miss on All Fronts; Long-Term Strategy Intact

Subdued Performance: Colgate-Palmolive reported Q1FY26 revenue of Rs 1,421 Cr, down 4.4% YoY, affected by muted urban demand, heightened...

Axis Direct

Colgate-Palmolive (3QFY25): Who Moved My Smile? Maintain REDUCE

Colgate Palmolive's (CLGT) 3QFY25 results were weaker than our expectations, as the urban slowdown weighed on domestic consumption

HDFC Securities

Colgate Palmolive (India) Ltd - Demand Remains Subdued; Maintain HOLD

The company reported Q3FY25 revenue of Rs 1,452 Cr, up by ~5% YoY (mid-single-digit volume growth), a sharp decline from double-digit growth in H1FY25

Axis Direct

A Trader's Guide To "G" Day | Positioning For "Next-Generation GST Reforms"

​The 56th GST Council Meeting in New Delhi aims to bring next-generation reforms as a "Diwali gift" for consumers, but market indicators suggest a...

Pranav Bhavsar

The 56th GST Council Meeting in New Delhi aims to bring next-generation reforms as a "Diwali gift" for consumers, but market indicators suggest a...