Bajaj Consumer Care

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FMCG firm Bajaj Consumer Care Ltd on Wednesday reported a decline of 31.93 per cent in its consolidated net profit at Rs 31.65 crore for the second quarter ended September. The company had reported a net profit of Rs 46.50 crore in the July-September quarter a year ago, said Bajaj Consumer Care, part of the Bajaj Group of Companies, operating in the beauty care category. Its total revenue from operations rose 8 per cent to Rs 232.45 crore during the period under review. It was Rs 216.17 crore in the corresponding period of the preceding fiscal, according to a regulatory filing. Total expenses of Bajaj Consumer Care, which owns brands such as Almond Drops Hair Oil, Brahmi Amla and Nomark, in the September quarter climbed 20.08 per cent to Rs 203.96 crore. Shares of Bajaj Consumer Care Ltd on Wednesday settled at Rs 157.65 apiece on the BSE, down 3.93 per cent from the previous close.

FMCG firm Bajaj Consumer Care Ltd on Monday reported a decline of 30.69 per cent in its consolidated net profit at Rs 33.89 crore for the first quarter ended June 30, 2022. The company had reported a net profit of Rs 48.90 crore in the April-June quarter a year ago, said Bajaj Consumer Care, a part of the Bajaj Group of Companies, operating in the beauty care category. Its total revenue from operations rose 15.10 per cent to Rs 249.44 crore during the period under review, as against Rs 216.71 crore in the corresponding quarter a year ago, said a regulatory filing by Bajaj Consumer Care. Total expenses of Bajaj Consumer Care, which owns brands as Almond Drops Hair Oil and Nomark, were at Rs 215.22 crore, up 29.81 per cent in Q1/FY 2022-23. Shares of Bajaj Consumer Care Ltd on Monday were trading at Rs 167.25 on BSE, up 2.83 per cent from the previous close.

The firm, which on Tuesday launched a moisturising soap under the Bajaj Almond Drops umbrella, is looking to bring products in haircare and skincare under the brand.

The company had reported a net profit of Rs 54.67 crore in the January-March quarter a year ago, Bajaj Consumer Care, a part of the Bajaj Group of Companies, said in a regulatory filing

Reduction in promoter pledge holding as well as interest from large HNIs in the stock have only added to the optimism

Baytree Investments (Mauritius) Pte Ltd on Friday sold more than 98 lakh shares of Bajaj Consumer Care Ltd worth over Rs 249 crore through an open market transaction.

FMCG firm Bajaj Consumer Care on Wednesday reported a 17.54 per cent rise in consolidated profit at Rs 57.29 crore for the third quarter ended December 2020.

All that happened in the markets today

All that happened in the markets today

In Q1FY21, EBITDA (earnings before interest, taxes, depreciation, and amortization) margins came at 30.42 per cent against brokerage estimate of around 20.5 per cent.

The stock had hit a 52-week high of Rs 345 on June 26, 2019, and its 52-week low stands at Rs 117.50, touched on March 25, 2020.

All that happened in the markets today

The company's earnings before interest, tax, depreciation, and ammortisation (Ebitda) fell 23.7 per cent to Rs 55.7 crore in Q3FY20, while margin declined to 27.1 per cent from 32.61 per cent YoY.

Bajaj Resources held 59.9% stake in Bajaj Consumer Care at the end of September quarter

HDFC Mutual Fund bought 5.25 per cent stake in Bajaj Consumer, followed by ICICI Prudential Mutual Fund (2.52 per cent) and Aditya Birla Sun Life Mutual Fund (1.76 per cent).

With this transaction, the promoters' stake will fall to 38 per cent and their pledged stake will come down to zero from 63 per cent

In the past three months, the stock has underperformed the market by falling 36 per cent, as compared to a per cent decline in the S&P BSE Sensex.