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HomeMarket NewsBajaj Consumer Care Q4 Results: Stock jumps 15% on strong operating performance
This is the biggest single-day gain for Bajaj Consumer Care since January this year. With this move, the stock has extended its gains for the year to 85%.
Shares of Bajaj Consumer Care Ltd. surged as much as 15% on Friday, April 17, in response to its March quarter results. With three quarters of outperformance, the changes are now being noticed by the street under the new leadership.
The company's revenue went up by 30.4% from last year to ₹326.65 crore, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) more-than-doubled in value, rising 139.6% to ₹76.5 crore.
EBITDA margins nearly doubled from last year to 23.4% from 12.7%, while net profit went up by 105% year-on-year to ₹63.59 crore from ₹30.98 crore last year.
Bajaj Consumer's LUP business saw growth in the 20s, including sachets, with near double-digit volume growth in the Advanced Hair Oil business. Rural business also registered growth in the twenties, while organized trade has now contributes 30% salience to the organization.
The non-ADHO business now contributes to annual sales of ₹225 crore with portfolio contribution being net positive with single digit margins. The company said that it aspires to take the portfolio to ₹500 crore over the next three years.
At the current price, the stock is trading at 25 times one-year forward price-to-earnings multiple.
Shares of Bajaj Consumer Care are now up 15% after the results announcement at ₹491.55. This is the biggest single-day gain for the stock since January this year. With this move, the stock has extended its gains for the year to 85%.
