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Bajaj Consumer firms up after decent Q1 numbers

Bajaj Consumer Care was up 1.49% to Rs 322.75 at 13:35 IST on the BSE after consolidated net profit rose 8.90% to Rs 56.70 crore on a 7.59% rise in total revenue to Rs 240.73 crore in Q1 June 2019 over Q1 June 2018.

The announcement was made during market hours, today, 15 July 2019.

Meanwhile, the S&P BSE Sensex was up by 80.43 points, or 0.21% to 38,816.66.

On the BSE, 4446 shares were traded in the counter so far compared with average daily volumes of 1236 shares in the past two weeks. The stock had hit a high of Rs 328.4 and a low of Rs 315.05 so far during the day. It hit a 52-week high of Rs 474.45 on 18 September 2018 and a 52-week low of Rs 308 on 13 March 2019.

On a standalone basis, the company's net profit rose 9.09% to Rs 58.66 crore on an 8.14% rise in net sales to Rs 232.46 crore in Q1 June 2019 over Q1 June 2018.

EBITDA rose 2% to Rs 71.89 crore in Q1 June 2019 over Q1 June 2018. EBITDA margin was reported at 30.93% in Q1 June 2019 compared with 32.79% in Q1 June 2018.

Bajaj Consumer Care is a leading FMCG company with major brands in hair care and skin care category.

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