Bajaj Consumer Care Ltd Share Price – NSE  /  BSE

FMCG, Small Cap

Bajaj Consumer Care announced that the 18th Annual General Meeting (AGM) of the company will be held on 9 August 2024.

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The buyback price fixed at Rs 290 per equity share, representing a 10.35% premium to Thursday closing price of Rs 262.80 on the BSE.

The company will buyback up to 57.41 lakh fully paid-up equity shares, representing 4.02% of the total paid-up equity shares of the company.

The buyback offer size represents 19.25% and 20% of the aggregate of the total paid-up equity share capital and free reserves of the company based on the latest audited standalone and consolidated financial statements of the company as on 31 March 2024, respectively.

Bajaj Consumer Care is one of the leading FMCG brands in India that brings high-quality hair care and skin care products to consumers across the world.

The company’s consolidated net profit fell 12.06% to Rs 35.58 crore in Q4 FY24 as compared with Rs 40.46 crore posted in Q4 FY23. Net sales decreased by 4.86% year on year (YoY) to Rs 234.23 crore in the quarter ended 31 March 2024.

The counter hit a 52-week high at Rs 274.10 in today’s intraday session.

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The compnay’s net sales decreased by 4.86% year on year (YoY) to Rs 234.23 crore in the quarter ended 31 March 2024.

Profit before tax stood at Rs 43.56 crore during the fourth quarter, down 11.45% from Rs 49.19 crore posted in corresponding quarter previous year.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) de-grew by 16.5% YoY to Rs 35.8 crore during the quarter under review. EBITDA margin reduced to 15.3% in Q4 FY24 as compared with 17.4% recorded in Q4 FY23.

Total expenses shed 1.06% YoY to Rs 208.08 crore during the quarter. Advertisement & sales promotion expenses stood at Rs 39.6 crore (down 3% YoY) while employees cost was at Rs 26.1 (up 19.8% YoY) in Q4 FY24.

On full year basis, the company’s consolidated net profit increased 11.64% to Rs 155.43 on 1.99% increase in sales to Rs 967.98 crore in FY24 over FY23.

Meanwhile, the company’s board has approved share buyback of up to Rs 166.49 crore at a price of Rs 290 per equity share. The company will buyback up to 57.41 lakh fully paid-up equity shares, representing 4.02% of the total paid-up equity shares of the company.

The buyback offer size represents 19.25% and 20.00% of the aggregate of the total paid-up equity share capital and free reserves of the company based on the latest audited standalone and consolidated financial statements of the company as on 31 March 2024, respectively.

Bajaj Consumer Care is one of the leading FMCG brands in India that brings high-quality hair care and skin care products to consumers across the world.

Powered by Capital Market - Live News

Net profit of Bajaj Consumer Care declined 12.06% to Rs 35.58 crore in the quarter ended March 2024 as against Rs 40.46 crore during the previous quarter ended March 2023. Sales declined 4.86% to Rs 234.23 crore in the quarter ended March 2024 as against Rs 246.20 crore during the previous quarter ended March 2023.

For the full year,net profit rose 11.64% to Rs 155.43 crore in the year ended March 2024 as against Rs 139.22 crore during the previous year ended March 2023. Sales rose 1.99% to Rs 967.98 crore in the year ended March 2024 as against Rs 949.05 crore during the previous year ended March 2023.

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