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. 

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.

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>Pricing-led Growth: In Q4FY24, the company recorded a revenue growth of 10.4% YoY, reaching Rs 1481 Cr, slightly below our expectations.</li><li>This growth was primarily attributed to price hikes. Domestic sales also saw a YoY increase of 10.7% in Q4FY24 and 9.5% in FY24, with volume growth expected to remain in the low single digits.</li><li>Notably, rural business outpaced urban growth by 200bps, signalling a positive demand recovery trend in line with other FMCG companies. </li></ul><p><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></p>

Pricing-led Growth: In Q4FY24, the company recorded a revenue growth of 10.4% YoY, reaching Rs 1481 Cr, slightly below our expectations.This growth was primarily attributed to price hikes. Domestic sales also saw a YoY increase of 10.7% in Q4FY24 and 9.5% in FY24, with volume growth expected to remain in the low single digits.Notably, rural business outpaced urban growth by 200bps, signalling a positive demand recovery trend in line with other FMCG companies. 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 - Rich Valuation Will Cap Upside Potential