Bajaj Consumer Care rose 1.10% to Rs 332.05 at 11:39 IST on BSE after the company said it has appointed Bain & Company as management consultant to formulate front end strategy for growth.
The announcement was made after market hours yesterday, 13 March 2019.Meanwhile, the S&P BSE Sensex was up 30.43 points, or 0.08% to 37,782.60.
On the BSE, 31,000 shares were traded in the counter so far compared with average daily volumes of 15.73 lakh shares in the past two weeks. The stock had hit a high of Rs 335 and a low of Rs 326.75 so far during the day. The stock hit a 52-week high of Rs 509.80 on 25 April 2018. The stock hit a 52-week low of Rs 308 on 13 March 2019.
Bajaj Consumer Care said it has engaged the services of Bain & Company. Bain, the renowned global management consultant, has helped many FMCG companies in India develop and execute winning strategies to grow their businesses. Bain will help the company in formulating a front-end strategy for growth and also help in implementing it.
Net profit of Bajaj Consumer Care rose 8.94% to Rs 60.09 crore on 12.50% rise in net sales to Rs 221.98 crore in Q3 December 2018 over Q3 December 2017.
Bajaj Consumer Care is one of the leading player in hair oil category, with brands like Bajaj Almond Drops, Bajaj Brahmi Amla, Bajaj Amla and Bajaj Jasmine.
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