Colgate Palmolive shares rallied nearly 6-7% on hopes of GST-related input tax credit relief and new leadership

Fri 9 Oct 2026

Stock move today

6.5 percent

Inverted duty cost impact

80 to 100 basis points

Correction from record high

50 percent

GST rate cut last year

18 percent to 5 percent

Heard on business television between 11:25:29 - 11:28:29 IST.

• Stock up nearly 6-6.5% as street expects relief from GST Council meeting outcome expanding input tax credit eligibility to additional business expenditures.
• Last year GST on oral care was cut from 18% to 5%, but many input expenses remained taxed at 18%, creating an inverted duty structure costing about 80-100 basis points.
• Stock has corrected 50% from its record high, similar to ITC which is at a 10-year low; Colgate near a 5-year low.
• New MD and CEO Manish Anandani took charge from September 28, 2026, seen as a trigger.
• Q1 FY27 revenue growth was the highest in the last 12 quarters, adding to positive sentiment.

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