Business & Investment

Colgate India Second Quarter Review-Sales Growth Still Slow. Poor outlook: Motilal Oswal

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Colgate-Palmolive India Ltd.’s second quarter 2010 results were in line with our expectations.

Average sales growth for the second quarter of 2010 was 5.2%, in the range of 4-6% seen in recent quarters, with little sign of improvement despite consistent advertising spending. ..

The launch of a non-oral care portfolio and investment in the “Twice a Day Brush” campaign appear to be postponed, allowing a quick return to the double-digit sales growth seen in 2008-15. The sex is low.

We maintain a neutral view that the top line is sluggish, material cost pressure is rising, and there is limited room for price increases.

There is no evidence that Colgate is regaining the lost market share in its core oral care business.

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Colgate India Second Quarter Review-Sales Growth Still Slow. Poor outlook: Motilal Oswal

https://www.bloombergquint.com/research-reports/colgate-india-q2-review-sales-growth-remains-tepid-outlook-weak-motilal-oswal Colgate India Second Quarter Review-Sales Growth Still Slow. Poor outlook: Motilal Oswal

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