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 Low Unit Pack business saw growth in the 20s, including sachets, with near double-digit volume growth in the Almond Drops 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%.
