Unchanged volume trend; margins at all-time high

Company
16 May 2024
5 Min read 
  • Colgate's 4QFY24 results update includes revenue growth and margin expansion.
  •  Despite price hikes, volume growth remains a concern for Colgate.
  •  The company aims to maintain current EBITDA margins in FY25.
  •  The toothpaste category has immense potential for growth in both urban and rural markets.
  •  The company's focus on premiumization and personal care portfolio growth has been slow.
  •  The current valuation at 51x/47x of P/E on FY25E/FY26E EPS captures near-term triggers.
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