New Delhi, Oct. 24 -- Colgate-Palmolive (India) Ltd's pursuit of growth has been painful, with the September quarter (Q2FY26) not bringing any respite for the oral care company. Not only did revenue fall year-on-year again, but it did so at the sharpest pace in the past three quarters. Revenue dropped 6.2% to Rs.1,520 crore in Q2 after falling 4.2% in Q1 and 1.8% in Q4 of FY25.

Investors have noted this, pulling the stock down almost 30% in the past year. That marks a significant underperformance to the Nifty FMCG index, which declined about 4% during the same period. The Colgate stock trades just about 3% above its 52-week low of Rs.2,151 on 14 August.

Emkay Global Financial Services' estimates Colgate's Q2 volumes to have dropped abou...