Bajaj Consumer Care reports stable PAT growth
Bajaj Consumer Care formerly known as Bajaj Corp’s standalone revenue for the quarter came in at Rs. 214.4 crore, registering 14.9 per cent yoy increase.
EBITDA for the quarter rose by 20.4 per cent yoy to Rs. 55.9 crore with corresponding margin expansion of 120 bps. EBITDA margin for the quarter stood at 26.1 per cent. This margin expansion was aided partly by lower purchase of stock in trade.
The PAT for the quarter came in at Rs. 60.1 crore, yoy increase of 9 per cent. Notably, the company’s board of directors have declared an interim dividend of Rs. 14 per share on equity share of FV Re. 1/-.
Post this quarterly numbers, the stock of Bajaj Consumer (Bajaj Corp) dipped more than three per cent to intraday low of Rs. 371 apiece. The stock closed for the day at Rs. 373, down by almost 2.9 per cent from the previous close.