Colgate-Palmolive (India) Limited is expected to report likely double-digit revenue growth driven by strong volume expansion, pricing gains and premiumisation, supported by a favourable base, stronger execution and investments in premium brands and new launches.

Colgate-Palmolive (India) Limited shares rose as much as 7.7% after the GST Council recommended easing input tax credit restrictions on items including employee health and life insurance, telecom towers and pipelines outside factories, and free samples and expired goods requiring legal destruction. The GST Council's October 8 proposals, aimed at reducing cascading taxes and easing working capital pressures, lifted the stock to Rs 1,868.90 before profit-booking pared gains to Rs 1,827.70, with the final benefit depending on applicability to the company's operations.