Bajaj Consumer Care locks in at upper circuit of 20 per cent on robust Q3 results
The shares of Bajaj Consumer Care were locked in an upper circuit on Wednesday after the company reported strong numbers for the quarter ended December 2020.
On a consolidated basis, Bajaj Consumer Care reported 18.08 per cent growth in the topline in Q3 at Rs 243.92 crore. This was largely in line with other FMCG companies in the cosmetics, toiletries, and hygiene space. The company also saw good traction during the pandemic period and has been driven substantially by rural sales.
The net profit for the latest quarter was up by 17.54 per cent YoY at Rs 57.30 crore with PAT margins improving marginally from 22.93 per cent in Q3FY20 to 23.07 per cent in Q3FY21.
In a separate filing, Bajaj Consumer Care said its board has recommended an interim dividend of Rs 6 per equity share for the year 2020-21.
The stock of Bajaj Consumer Care was locked in at its upper circuit of 20 per cent after which, trading was suspended at Rs 255.95 per share, up by 20 per cent or Rs 42.65 per share. The stock’s 52-week high is Rs 255.95 while its 52-week low is Rs 117.50 on BSE.