Colgate‑Palmolive India posts Q2 FY27 profit rise and double‑digit sales growth
Colgate‑Palmolive India reported net profit of ₹341.57 crore for the quarter ended 30 September 2026, a 4.3 % year‑on‑year increase, while net sales rose 12.2 % to ₹1,691.57 crore. Gross margin improved to 69.6 % and the board declared an interim dividend of ₹24 per share. The company also announced the resignation of Executive Vice President‑Marketing Gunjit Jain and the appointment of Akash Parekh as his successor.
Why it matters
HSBC kept a Hold rating with a target price of ₹1,840, noting modest underlying growth, while Jefferies cut its target price to ₹2,000 after the margin compression. The dividend and earnings beat may support short‑term demand for the stock, but the lower EBITDA margin could temper expectations.
Key facts
- 1Net profit after tax was ₹341.57 crore, up 4.3 % YoY from ₹327.51 crore in Q2 FY26. tradingview.com
- 2Net sales reached ₹1,691.57 crore, up 12.2 % YoY from ₹1,507.24 crore. tradingview.com
- 3Gross margin increased 40 basis points year‑on‑year to 69.6 %. tradingview.com
- 4EBITDA margin contracted to 27.99 % from 30.63 % YoY. scanx.trade
- 5The board declared an interim dividend of ₹24 per equity share, amounting to an estimated payout of about ₹653 crore. tradingview.com
- 6Executive Vice President‑Marketing Gunjit Jain will resign on 30 Nov 2026; Akash Parekh will succeed him on 1 Dec 2026. tradingview.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.