Improved margins make Colgate an FMCG outlier on the bourses

COLGATE-PALMOLIVE 52-week INDIA hit a of intra-day high ₹2,760.95 on the BSE on Tuesday in a weak market.

- VIVEAT SUSAN PINTO

 

This isn't the first time that the stock has outperformed the broader indices in recent months. In the last one year, while the BSE FMCG index and the Sensex grew 18.74% and 25.70%, Colgate's shares surged nearly 83%. Year-to-date, the stock price has grown 8.53%, with the Sensex remaining flat and the BSE FMCG index declining 6.06%.

On Tuesday, the picture was no different. While the BSE FMCG index and the Sensex closed down 0.29% and 0.50%, respectively, shares of Colgate-Palmolive rose 1.43% over the previous close.