Citi has reiterated its Sell rating on Colgate-Palmolive India and reduced the target price from ₹2,300 to ₹2,175 per share, citing continued pressure from weak urban demand and heightened competitive intensity. The revised target indicates a downside from the current market price of ₹2,375.90.
The brokerage flagged that the company’s Q1 performance was weak, with both revenue and EBITDA declining year-on-year. Management attributed the underperformance to muted demand in urban markets, increased competition, and an unfavourable high base from the previous year.
Citi expects these challenges to persist into Q2FY26 but anticipates a gradual recovery in the second half of the fiscal.
Disclaimer: The brokerage views expressed above are those of Citi. This article does not constitute investment advice. Readers are advised to consult their financial advisor before making any investment decisions.
