The market price of personal care products company was quoting at its highest level since January 2019.
Bajaj Consumer Care's net profit for the December quarter climbed 83.2 per cent to ₹46.4 crore, up from ₹25.3 crore a year earlier
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FMCG firm Bajaj Consumer Care Ltd on Monday reported a 33 per cent rise in consolidated net profit to Rs 42.3 crore in the second quarter ended September 30, helped by higher sales. The company had posted a consolidated net profit of Rs 31.85 crore in the corresponding period of the last fiscal, Bajaj Consumer Care Ltd said in a regulatory filing. Its consolidated total revenue from operations in the second quarter stood at Rs 265.27 crore compared to Rs 233.98 crore in the year-ago period, it added. The company's revenue from sales of goods was higher at Rs 261.41 crore against Rs 230.63 crore a year ago, the company said. Its expenses in the second quarter stood at Rs 221.7 crore as compared to Rs 204 crore in the year-ago period, the company said.
Nuvama maintained a 'Buy' rating, underpinned by expectations of a revival in consumption and strategic focus on core categories.