Bajaj Consumer tanks 16% in two days post Q2 results, hits over 4-year low

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.

Shares of Bajaj Consumer Care hit an over four-year low, down11 per cent to Rs 204 on the BSE on Tuesday. The stock has slipped 16 per cent in two days after reporting a disappointing set of numbers for September quarter (Q2FY20). Shares of the personal products company was trading at its lowest level since February 2014.

Bajaj Consumer’s consolidated operational revenue during the quarter grew in single digits - 2.5 per cent at Rs 220 crore due to demand weakness. It had posted revenue of Rs 215 crore in the year-ago quarter. Net profit was up 11 per