Bajaj Consumer Care Q2 reports flat profits at Rs57cr

Bajaj Consumer reported total sales of Rs.225 crore for the Sep-20 quarter. While the growth was just about 3.8% on a yoy basis, the sequential growth was much higher at 14.9%.

Oct 16, 2020 06:10 IST India Infoline News Service

Bajaj Consumer reported total sales of Rs.225 crore for the Sep-20 quarter. While the growth was just about 3.8% on a yoy basis, the sequential growth was much higher at 14.9%. Clearly, there appears to be a post-COVID bounce in performance.

The net profit is absolutely flat on a yoy basis. However, the operating profit and the net profit are higher on a sequential basis, largely because revenues had suffered in the Jun-20 quarter on the back of COVID-19 related lockdowns and social distancing measures.


Here are the financial highlights

Particulars Sep-20 Quarter Growth (YOY) Growth (QOQ)
Total Revenues Rs225.30cr +3.78% +14.91%
Operating Profit Rs61.20cr +0.49% +10.25%
Net Profits Rs57.25cr -0.07% +5.65%
Key Ratios Sep-20 Quarter Sep-19 Quarter Jun-20 Quarter
Diluted EPS Rs3.88 Rs3.88 Rs3.67
Operating Margins 27.16% 28.05% 28.31%
Net Profit Margin 25.41% 26.39% 27.64%


Key takeaways from the Sep-20 quarter results
  • The overall sales and profits have revived to the pre-COVID levels, although it must be said that the impact of the shutdown was not too much due to their products classified as necessary goods and that ensured steady production schedules.
  • The company has managed to maintain operating margins elevated at around 27%, which is almost at par with most of the FMCG companies operating in the similar space. Net Margins have also been steady above 25%. 

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