Bajaj Consumer slumps after Q3 profit falls 18% to Rs 49 cr

Bajaj Consumer Care slumped 7.18% to Rs 205.50 after consolidated net profit fell 17.8% to Rs 48.74 crore on 8.2% decline in net sales to Rs 206.57 crore in Q3 December 2019 (Q3 FY20) over Q3 December 2018 (Q3 FY19).

Profit before tax in the December quarter stood at Rs 59.32 crore, down by 21.6% from Rs 75.69 crore in Q3 FY19.

In a separate announcement, Bajaj Consumer said that Makarand Karnataki, has relinquished the office of company secretary & compliance officer of the company with effect from closing business hours of 10 February 2020 and consequently he shall accordingly, cease to be the compliance officer of the company. He will however, continue as head - legal of the company.

It added that Chandresh Chhaya has been appointed as company secretary and compliance officer of the company with effect from 11 February 2020.

Bajaj Consumer Care has presence in the hair oil category with brands like Bajaj Almond Drops Hair oil, Bajaj Brahmi Amla Hair Oil, Bajaj Amla Hair oil and Bajaj Jasmine Hair oil. The company ventured into the skin care category with the acquisition of Nomarks brand.

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