After a weak Dec quarter, near-term gains unlikely for Colgate-Palmolive

A lot hinges on its ability to boost volumes amid stiff competition

Ram Prasad Sahu | Mumbai
Last Updated at January 25, 2023 22:57 IST

On the margin front, the company reported an expansion in gross profit margins by 210 basis points (bps) on a sequential basis

Pegged back by sluggish rural demand, the country’s largest toothpaste maker Colgate-Palmolive (India) posted weak December quarter results for the 2022-23 financial year (FY23). Even as the Street had muted expectations, given its dismal growth story for some time now, the company failed to meet the lower growth estimates as well.

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