JP Morgan has Overweight call on Colgate-Palmolive (India) Ltd. with a target price of Rs 985.0. The current market price of Colgate-Palmolive (India) Ltd. is 960.9. Time period given by analyst is year, when Colgate-Palmolive (India) Ltd. price can reach defined target. The revenue growth beat was led by improved volume growth and market share gains. Improved market share and volume growth trajectory will help re-rate the stock in future. The global investment bank expects growth rates to improve in coming quarters helped by market share improvement. The cost optimization efforts will aide margin growth.
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