Price:Rs 135 Price target:Rs 115.00 Q2FY09 results reflects weak operating performance: Net sales for Q2FY09 at INR95bn (+20%yoy) drove EBITDA to INR25bn (-7% yoy) and recurring net income to INR18bn (+12%yoy). Results were in line with our estimates at operating level – which were at the low end of street estimates. Despite a 16%...
Target Price :-Rs703 CM Price:-Rs612.00 Market Leader in Indian Oral Care Market Company Background: Colgate Palmolive (India) Ltd. (CPIL), a 51% subsidiary of Colgate Palmolive Company, USA is a leading player in the Indian oral care industry. CPIL enjoys leadership position in the Indian oral care space with 52.3% market share in toothpaste market,...