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Colgate-Palmolive (India) Ltd fell for a fifth straight session today. The stock is quoting at Rs 2271.8, down 0.59% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.64% on the day, quoting at 25059.75. The Sensex is at 82146.05, down 0.7%.Colgate-Palmolive (India) Ltd has eased around 6.12% in last one month.Meanwhile, Nifty FMCG index of which Colgate-Palmolive (India) Ltd is a constituent, has increased around 0.69% in last one month and is currently quoting at 55710.35, down 1.05% on the day. The volume in the stock stood at 8.14 lakh shares today, compared to the daily average of 6.49 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 2281.6, down 0.49% on the day. Colgate-Palmolive (India) Ltd tumbled 27.94% in last one year as compared to a 2.68% rally in NIFTY and a 11.29% fall in the Nifty FMCG index.
The PE of the stock is 44.61 based on TTM earnings ending June 25.
Total expenses fell 1.05% to Rs 1,020.05 crore in Q1 FY26 compared with Rs 1,030.86 crore in Q1 FY25.
The company said that doubling down on innovation this quarter, it introduced two new innovative formats under its Kids and Mouthwash portfolios. For children aged 3-6, it launched Colgate Kids Squeezy Toothpaste in Strawberry and Watermelon flavors. Its easy-to-squeeze bottle and fun grip are ideal for small hands. It also launched MaxFresh Mouthwash Sachet Stick in Fresh Tea Flavor, catering to on-the-go freshness needs.
Prabha Narasimhan, managing director & CEO of Colgate-Palmolive (India), said, “Our Q1 results reflect persistent headwinds from tough operating conditions on account of subdued urban demand and elevated competition intensity. The current quarter performance is also influenced by cycling a high base from the previous year; Net Sales grew at 12% CAGR in the base year same period (Q1 FY23-Q1 FY25). We continued to work towards execution of our strategic priorities.
We have made good strides in category premiumization, with our premium portfolio delivering strong revenue growth. We also prioritized brand investment, leveraging our healthy profit margins. We expect to navigate the current challenges and anticipate a gradual recovery in the back half of the year.'
Colgate-Palmolive (India) provides oral care products under the Colgate brand. It also provides personal care products under the 'Palmolive' brand name.
The counter rose 0.31% to Rs 2400 on the BSE.