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Colgate Drags FMCG Pack, While Dr Reddy’s and Persistent Post Steady Q1 Results
Colgate Drags FMCG Pack, While Dr Reddy’s and Persistent Post Steady Q1 Results
Written by - Fisdom Research
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July 23, 2025
2 minutes
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Market Snapshot
Benchmark equity indices ended on a strong note, with the Nifty 50 closing above the 25,200 mark.
Broad-based buying across sectors and positive global sentiment supported the rally, following the US-Japan trade deal.
Heavyweights ICICI Bank and HDFC Bank hit record highs, further boosting market momentum.
On the sectoral front, the Realty index was the top laggard, falling 2.6%, while the FMCG index declined 0.5%.
Gains were seen in Auto, Metal, Oil & Gas, Consumer Durables, Pharma, Private Bank, PSU Bank, and Telecom indices, each rising between 0.5% and 1%
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY AUTO
0.9
NIFTY CONSUMER DURABLES
0.6
NIFTY HEALTHCARE INDEX
0.8
NIFTY PHARMA
0.5
NIFTY PRIVATE BANK
0.7
NIFTY METAL
0.5
NIFTY OIL & GAS
0.7
NIFTY PSU BANK
0.4
Top News
FMCG stocks fell on July 23, with Colgate Palmolive dropping over 4% after reporting an 11.8% YoY decline in Q1 net profit and a 240 bps contraction in operating margin, dragging the Nifty FMCG index down over 0.7%.
Dr Reddy’s Laboratories posted a muted 2% YoY rise in Q1 net profit to ₹1,418 crore, while revenue grew 11.4% to ₹8,545 crore.
Persistent Systems reported a 9.8% YoY increase in net profit to ₹424.9 crore and a 21.8% jump in revenue to ₹3,333.6 crore, along with board approval for issuing 13.5 lakh shares to its ESOP trust
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
TATAMOTORS
2.6
TATACONSUM
-1.9
BHARTIARTL
2.2
HINDUNILVR
-0.9
SHRIRAMFIN
2.2
INFY
-0.8
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