External broker reports(aggregated public sources), Axis Direct

Axis Direct

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

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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

<p>Maintain BUY with revised TP of Rs. 1,765 (earlier Rs. 1,875) as we also lower our multiple a notch to 39x FY24E EPS.</p><p>Colgate Palmolive (India) (CLGT) reported an in-line quarter vs our estimates across key performance metrics. Reported Revenue growth was 5.2% yoy at Rs. 1,344 Cr (Rs. 1,334Cr our estimate) led by volumes growth of 4% in our view (4% our estimate) and ~1.2% price/mix led growth.</p><div class="content-highlight"><em>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.</em></div>

Maintain BUY with revised TP of Rs. 1,765 (earlier Rs. 1,875) as we also lower our multiple a notch to 39x FY24E EPS.Colgate Palmolive (India) (CLGT) reported an in-line quarter vs our estimates across key performance metrics. Reported Revenue growth was 5.2% yoy at Rs. 1,344 Cr (Rs. 1,334Cr our estimate) led by volumes growth of 4% in our view (4% our estimate) and ~1.2% price/mix led growth.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: In-Line Performance; Modest Valuations