Colgate-Palmolive India shares jump 8% after GST credits proposal
Colgate-Palmolive (India) shares shot up as much as 8% on Friday, October 9, 2026 after the GST Council suggested expanding input tax credits.
Now, companies could get tax breaks for things like employee health insurance and telecom infrastructure, moves that should make running a business a bit smoother and help free up cash.
Colgate-Palmolive India posts best quarterly growth
The council also wants to allow credits for free samples and expired products that have to be destroyed, which is good news for consumer brands.
Colgate-Palmolive is still benefiting from last year's big GST cut on oral-care products, even though some profit challenges remain.
With new Managing Director and Chief Executive Officer Manish Anandani at the helm since late September, the company just posted its best quarterly revenue growth in three years, even though share prices are still around 50% below their all-time high.