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Colgate needs a brush with growth
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leadership change, said analysts. Plus, margins have been robust, driven by pricing and softening input costs.
In Q1, gross margin stood at a multi-quarter high at 68.4%. To that extent now, valuations are higher.
The stock trades at almost 40 times FY25 estimated earnings, show Bloomberg data. “While we see a more vibrant Colgate post Ms.
Prabha Narasimhan taking over as MD and CEO (since 1 Sep 2022), we believe its faith hinges on category growth and execution given it is predominantly a single-category company with significant market share," wrote Mihir P. Shah of Nomura Financial Advisory and Securities (India) in a report on 23 August.
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