Corrects typo in company name

** Colgate-Palmolive (India) COLG.NS shares drop 3.3% to 2,085 rupees, lowest since April 23

** Stock set for its worst day in nearly two months

** Analysts at HSBC, Systematix, Elara say that rising competition and elevated advertising spends weighed on margins despite only a modest recovery in earnings and remains a key concern

** Notes profitability will hinge on pace of ad spending and competitive dynamics; margins likely to stay range-bound in near term

** Co posted a one-time charge of 165.8 million rupees in Q4 related to severance and other restructuring charges

** Expenses rose 11.7%, fuelled by higher raw material costs

** However, adjusted profit before exceptional items and taxes rose to 4.91 billion rupees ($51.3 million), from 4.78 billion rupees a year ago

** YTD, COLG up 0.8%