External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund 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>We recently met the senior leadership team of Colgate Palmolive and we continue to remain constructive about its long term strategy of driving market development, premiumization and driving per capita consumption</li><li>However, we continue to maintain REDUCE rating with a TP of INR 3,300 (48x FY27 EPS) as in near term, a) management hinted toward balanced growth driven via equal emphasis on volume, mix and price vs consensus expectation of mid to high single digit volume growth</li><li>b) at the same time, Colgate hinted towards range bound EBITDA margin of 31-33% vs consensus expectation of 33%+ margins.</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>

We recently met the senior leadership team of Colgate Palmolive and we continue to remain constructive about its long term strategy of driving market development, premiumization and driving per capita consumptionHowever, we continue to maintain REDUCE rating with a TP of INR 3,300 (48x FY27 EPS) as in near term, a) management hinted toward balanced growth driven via equal emphasis on volume, mix and price vs consensus expectation of mid to high single digit volume growthb) at the same time, Colgate hinted towards range bound EBITDA margin of 31-33% vs consensus expectation of 33%+ margins.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.

コルゲート・パーモリーブ（インド）：収益性よりも市場開発に重点を置く。削減を維持