Colgate shines 6%; stock hits record high on strong June quarter earnings

Quick Summary:

The company said the quarter witnessed continued demand pickup in rural markets outpacing growth in urban markets for the second quarter in a row.

The dilemma about prioritizing growth vs.maintaining margins will persist, and to accelerate growth, margins may contract, the brokerage firm added.

Despite this, EBITDA margin expanded 240 bp YoY to 34 per cent, Motilal Oswal Financial Services (MOFSL) said in the result update.

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Category: BusinessFinance

Markets: India

Topics: Toothpaste Q1 Personal care Oral hygiene product Colgate-Palmolive share Markets Motilal Oswal Financial Services Toothbrush

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 09:55:56 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 525 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21848442

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