Buy Recommandation for Colgate palmolive (india)

Buy on Colgate Palmolive (India) with a target price of Rs 400. Colgate?s 1QFY09 results beat our expectation, with sales up 16% YoY (our estimate: 14%) and earnings up 18% (14% estimated). Volume growth accelerated to 11.5% YoY, the strongest since 3QFY07."