Citi Cuts Colgate, Dabur to Sell as Brokerages Preview Q1FY27 Staples
Citi downgraded Colgate (TP Rs 1,900 from Rs 2,050) and Dabur (TP Rs 425 from Rs 440) to Sell. JPMorgan expects resilient staples with Foods leading; BofA flags quick-commerce upside for Meesho and Eternal. Airtel TP set at Rs 2,310.
Brokerages issued Q1FY27 previews and ratings on consumer staples: Citi cut Colgate and Dabur to Sell; JPMorgan expects resilient staples with Foods leading; BofA sees Meesho and Eternal quick-commerce surprises. Multiple Indian retail/consumer brands flagged.
Why this matters
Citi's dual Sell downgrade on Colgate and Dabur signals caution on FMCG staples ahead of Q1FY27 results, while brokerages diverge on quick-commerce winners like Meesho and Eternal.
Retail-brand signals steady at 2,296 over the past 90 days.