Elara cuts target to INR 1,600 for Colgate-Palmolive India stock

Published on 10/25/2026 at 02:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Elara cut its target to INR 1,600 on October 23, 2026. Colgate-Palmolive India stock also carries an INR 24 dividend.

Valuation and earnings signals

Elara Securities cut its target to INR 1,600 on October 23, 2026.
Second-quarter revenue increased 12.2 percent year on year to INR 1,692 crore.
Motilal Oswal retained a Buy rating and an INR 2,000 target on October 22, 2026.

Colgate, INE259A01022, Illustration mit AI erstellt.

Colgate-Palmolive India (ISIN INE259A01022) faced a lower INR 1,600 target from Elara Securities on October 23, 2026, down from INR 1,980, according to EquityBulls. The revision puts the companys double-digit sales growth against a sharper test of advertising costs and operating margins.

Target cut tests growth

Elara said on October 23, 2026, that higher brand-building spending pressured profitability and cut its earnings estimates for fiscal 2027, fiscal 2028 and fiscal 2029 by 2.5 percent to 3.0 percent. The research house reiterated Reduce and set the INR 1,600 target against its earlier INR 1,980 target.

The counterpoint came from DSIJ, which reported on October 22, 2026, that Motilal Oswal retained a Buy rating and an INR 2,000 target. The broker also identified advertising expenditure as a near-term margin risk.

What does the quarter mean for margins?

Colgate-Palmolive India reported second-quarter net sales of INR 1,692 crore on October 22, 2026, up 12.2 percent from INR 1,507 crore a year earlier, while net profit after tax rose to INR 342 crore from INR 328 crore. The companys official release also showed adjusted profit growth of 5.5 percent excluding one-offs and exceptional items, with gross margin expanding 40 basis points to 69.6 percent.

Colgate-Palmolive India described the quarter as the second consecutive period of double-digit domestic growth. The contrast is clear: sales rose 12.2 percent, while reported profit increased 4.3 percent.

Three events frame the update

On July 30, 2026, Colgate-Palmolive India reported first-quarter net profit of INR 343 crore, according to ScanX. On October 22, 2026, the company reported second-quarter sales of INR 1,692 crore and declared an INR 24 interim dividend. On October 23, 2026, Elara Securities cut its target to INR 1,600.

Dividend dates set for November

The next shareholder date is November 2, 2026, the record date for the INR 24 interim dividend. Payment is scheduled to begin on November 19, 2026, according to the companys results release.

Growth meets valuation pressure

For investors, the central tension is measurable: Colgate-Palmolive India delivered 12.2 percent sales growth in the second quarter, but analysts focused on advertising-led pressure on earnings and margins. The opposing INR 1,600 and INR 2,000 targets show how differently the same growth profile is being valued.