Colgate Palmolive (India)500830Fmcg, oral care
Colgate Palmolive India stock rose nearly 6% on hopes of relief from GST inverted duty structure changes and a new MD/CEO-led growth inflection
- Inverted duty structure cost
- 80 to 100 basis points
- Stock decline from record high
- 50 percent
- Stock move today
- nearly 6 percent
- GST rate cut last year
- from 18 percent to 5 percent
Heard on business television between 13:10:38 - 13:13:38 IST.
- GST Council meet expanded the ambit of inverted duty structure and input tax credit eligibility to cover additional business expenditures.
- Last year GST on oral care was cut from 18% to 5%, but Colgate continued paying 18% GST on inputs, creating an inverted duty structure cost of 80-100 basis points.
- The street hopes the new GST Council announcement could provide relief of about 80-100 basis points, the cost incurred last year.
- Stock is down 50% from its record high and near a five-year low with no returns over five years.
- New MD and CEO took over on September 28th, seen as a potential inflection point; Q1 FY27 revenue growth was the highest in 12 quarters, raising hopes of sustained momentum.
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Source: Live TV News Channel · 9 Oct 2026
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