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Bajaj Corp: Improvement in rural demand is key

Inexpensive valuations capture the slow rural growth even as urban demand improves in Sep quarter

Sheetal Agarwal 

Weak revenue growth outlined Bajaj Corp's results for the September quarter (Q2). Flat volumes (down 0.1 per cent year-on-year) and continued slowdown in rural markets (about 43 per cent of revenues) affected revenue in the quarter. The entire revenue growth of 3.5 per cent (to Rs 196 crore) in Q2 was pricing-led as the company discontinued promotions to the trade channels in its flagship brand, Bajaj Almond Drops hair oil. Bajaj Almond Drops volume growth of 1.6 per cent was similar to that of light hair oils market (1.7 per cent), but lagged Street estimate of five per cent by a mile. ...

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Bajaj Corp: Improvement in rural demand is key

Inexpensive valuations capture the slow rural growth even as urban demand improves in Sep quarter

Inexpensive valuations capture the slow rural growth even as urban demand improves in Sep quarter Weak revenue growth outlined Bajaj Corp's results for the September quarter (Q2). Flat volumes (down 0.1 per cent year-on-year) and continued slowdown in rural markets (about 43 per cent of revenues) affected revenue in the quarter. The entire revenue growth of 3.5 per cent (to Rs 196 crore) in Q2 was pricing-led as the company discontinued promotions to the trade channels in its flagship brand, Bajaj Almond Drops hair oil. Bajaj Almond Drops volume growth of 1.6 per cent was similar to that of light hair oils market (1.7 per cent), but lagged Street estimate of five per cent by a mile. ... image
Business Standard
177 22

Bajaj Corp: Improvement in rural demand is key

Inexpensive valuations capture the slow rural growth even as urban demand improves in Sep quarter

Weak revenue growth outlined Bajaj Corp's results for the September quarter (Q2). Flat volumes (down 0.1 per cent year-on-year) and continued slowdown in rural markets (about 43 per cent of revenues) affected revenue in the quarter. The entire revenue growth of 3.5 per cent (to Rs 196 crore) in Q2 was pricing-led as the company discontinued promotions to the trade channels in its flagship brand, Bajaj Almond Drops hair oil. Bajaj Almond Drops volume growth of 1.6 per cent was similar to that of light hair oils market (1.7 per cent), but lagged Street estimate of five per cent by a mile. ...

image
Business Standard
177 22