December 2021 Quarterly results for Bajaj Consumer Care Ltd. are out, and the company has witnessed a significant downfall in many avenues despite the launch of new products and up notched marketing campaigns.
The company’s total sales stood at Rs 225.30 crore for Q3 FY’22 against Rs 242.80 crore for Q3 FY’21, reflecting an on-year downfall of 7.2%. While total operational income stood at Rs 228.60 crore for December 2021 against Rs 247.30 crore for the previous corresponding quarter, down by 7.6% YoY.
Sales for the 9M period ended December 2021 declined by 1% on-year at Rs 649.50 crore against Rs 656 crore for the previous 9M period.
EBITDA for the December 2021 quarter stood at Rs 41.60 crore as against Rs 64.50 crore for the previous corresponding quarter, down by 35.6% YoY. EBITDA margin for the current quarter stood at 18.4% against 26.6% for the same quarter last year.
Its EBITDA stood at Rs 145.20 crore for the 9M period ended December 2021, against Rs 186.70 crore for the corresponding 9M period, down by 22.2% YoY.
PAT for the quarter stood at Rs 40 crore for December 2021 quarter as against Rs 58.2 crore for the previous corresponding quarter, down by 31.2% YoY. PAT margin shed 620 bps at 17.8% for Q3 FY’22 against 24% for Q3 FY’21. PAT for the 9M period ended December 2021 was reported at Rs 136.20 crore against Rs 169.70 crore for the 9M period ending December 2020, reporting a downfall of 19.7% YoY.
Portfolio updates from Bajaj consumers stated that Bajaj Amla Aloe Vera has made steady progress with the share in Amla Category at 3%. While, Sarson is a Rs 300 Cr market, 15% of the Amla category selling primarily in rural markets of HSM. This variant has a 2-year CAGR of 10%. The company also launched Bajaj Sarson Amla in Dec’21 to leverage the equity of Bajaj and strengthen rural distribution.
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