Colgate - First Cut - Microsec

Colgate-Palmolive announced its Q2 FY13 results on 29 Oct 2012. The company's Net Sales increased by 18% YOY to INR774 crore and EBITDA increased by 34% YOY to INR176 crore. EBITDA Margin of the company improved from 19.4% to 22.2% YOY. PAT of the company increased by 46% YOY to INR145 crore. Result of the company was above expectation.

At the CMP of INR1239, the stock discounts its FY13E EPS of INR40.6 by 30.5x . We maintain BUY at the current level with a price Target of 1339.

Source : Equity Bulls

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