The stock of Colgate-Palmolive (India) surged after the company delivered a better than expected operating performance for the March quarter of the 2022-23 financial year (Q4FY23) recently. The stock, however, has given up most of these gains over the last one week as the Street awaits recovery in the core toothpaste segment and sustained recovery in market share. The country's largest listed oral care company posted a gross margin expansion of 100 basis points (bps) on a sequential basis to 66.9 per cent, led by pricing and efficient sourcing.
Converts part of fixed salary component into variable one
The consolidated revenue increased 20 per cent to Rs 8,422 cr
Markets end in green with auto, banks on a steady climb.
Only six sectors are likely to report good set of numbers in Q4 FY15.
