9 hrs ago
Colgate-Palmolive India Shares Jump on GST Credit Recommendations
Colgate-Palmolive India shares rose after a government tax panel recommended changes to business tax credits.
The changes could let companies claim credits for some expenses that were previously restricted.
They cover certain employee insurance costs, some infrastructure, and certain free or expired products.
The goal is to reduce taxes being paid repeatedly along the supply chain and help businesses manage their cash.
It is not yet clear how much the changes will help Colgate-Palmolive India.
The company’s shares were up 5.75% at ₹1,840 during Friday trading.
The company has also said it wants to grow by selling more premium products and encouraging people to use them more often.
Colgate-Palmolive India shares rose as much as 8% on Friday, October 9, after the GST Council recommended expanding input tax credit eligibility.
The recommendations include credits for certain employee insurance, telecommunications towers and pipelines outside factory premises, as well as qualifying free samples and expired goods destroyed by law.
The broader GST reforms are intended to reduce cascading taxes and ease businesses’ working-capital pressures; the effect on Colgate-Palmolive India depends on how the provisions apply to its operations.
The stock was trading 5.75% higher at ₹1,840, but remained about 50% below its all-time high.
The company has highlighted premiumisation and more frequent product use as growth drivers, while planning higher advertising and marketing investment.
- Who
- Colgate-Palmolive India and the GST Council.
- What
- Colgate-Palmolive India shares rose after the GST Council recommended expanding input tax credit eligibility.
- Where
- India.
- When
- Friday, October 9, following the Council meeting on October 8.
- Why
- Investors responded to recommendations that could expand businesses’ eligibility for input tax credits; the effect on Colgate-Palmolive India depends on how the provisions apply to its operations.
Key facts
- Share price move
- Shares rose as much as 8% on Friday, October 9.
- Reported trading price
- ₹1,840, up 5.75% on Friday.
- Distance from record high
- The stock remained around 50% below its all-time high.
- GST Council meeting
- October 8.
- Oral-care GST reduction
- GST on oral-care products was reduced from 18% to 5% last year.
- Inverted duty structure estimate
- Analysts estimated an impact of around 80–100 basis points.
- Managing director and CEO
- Manish Anandani took charge on September 28, 2026.
- Recent revenue growth
- The company reported its strongest revenue growth in 12 quarters in Q1 FY27.
Sources
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