Colgate-Palmolive India made headlines with it stock jumping

Colgate-Palmolive India made headlines with its stock jumping over 7% after GST Council reforms, while also celebrating a record oral health initiative screening over 3 lakh students in Tamil Nadu and Puducherry. The company’s shares closed around ₹1,840, reflecting strong investor optimism. 📊 Key Updates on Colgate-Palmolive (India) – October 9, 2026 1. Market & Stock Performance Stock Price: ₹1,840 (up 5.75% intraday, peaked at +8%). Market Cap: ~₹50,198 crore. Reason for Surge: GST Council expanded input tax credit (ITC) eligibility, reducing cascading taxes and easing working capital pressures. Impact: Analysts expect reduced costs from the inverted duty structure, potentially improving margins. 2. Corporate & Leadership New CEO: Manish Anandani took charge on September 28, 2026, moving from Kenvue (Johnson & Johnson spin-off). Legal Leadership Change: Abhijit Yadav appointed EVP-Legal effective October 24, 2026, succeeding Priyan Pillay.