Colgate Palmolive continued to display a stable performance in its first quarter of 2021 with strength in organic sales of Oral Care, Home Care and Pet Nutrition. Moreover, with the lockdowns being lifted in most countries, the company’s sales have been benefited further. Product premiumization on the other hand has been a key catalyst behind Colgate’s more recent margin improvement. In addition, the company continues to invest in advertising, particularly behind premium innovations like Colgate Renewal and the Colgate Optic White Overnight Teeth Whitening Pen. Finally, with manufacturing and supply chain activities stepping up to pre-pandemic levels, we believe the company will see further revenue growth and a boost in its profitability. The company has a wide portfolio of exceptionally strong brands and a decent online marketing strategy to drive growth in 2021. We maintain our ‘Hold’ rating on the stock with a revised target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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