Bajaj Consumer Care reported an 11% growth in net sales for Mar 19 quarter which stood at Rs 245.65 crore. OPM was down by 80 bps due to increase in prices of raw material and packaging stuffs which restricted the OP growth to 8% to Rs 77.68 crore. Other income was higher by 117% to Rs 1.87 crore largely due to higher treasury income. This has resulted in a PBIDT of Rs 79.55 crore up by 9%. While interest cost was up by 39% to Rs 0.53 crore, depreciation was down by 5% to Rs 1.73 crore, PBT stood at Rs 77.29 crore up by 10%. After providing total tax of Rs 16.67 crore, PAT for Mar 19 quarter stood at Rs 60.62 crore up by 9% YoY.
Performance for 12months ended Mar 19
For the 12 months ended Mar 19, net sales stood at Rs 909.35 crore which was up by 9% on YoY basis. OPM was lower by 50 bps to 30.6%, thus restricting the OP growth to 8% to Rs 278.42 crore. Other income was lower by 28% to Rs 17.53 crore due to MTM losses on treasury investments. Depreciation was lower by 4% to Rs 6.59 crore which resulted in a 5% increase in PBT to Rs 288.26 crore. After providing total tax of Rs 62.14 crore, PAT for 12 months ended Mar 19 stood at Rs 226.12 crore, up by 5% YoY.
Bajaj Consumer Care: Result
| 1903(03) | 1803(03) | Var. (%) | 1903(12) | 1803(12) | Var. (%) | |
| Net Sales | 245.65 | 221.60 | 11% | 909.35 | 831.21 | 9% |
| OPM (%) | 31.6% | 32.4% | 30.6% | 31.1% | ||
| OP | 77.68 | 71.82 | 8% | 278.42 | 258.64 | 8% |
| Other Income | 1.87 | 0.86 | 117% | 17.53 | 24.35 | -28% |
| PBIDT | 79.55 | 72.68 | 9% | 295.95 | 282.99 | 5% |
| Interest | 0.53 | 0.38 | 39% | 1.10 | 1.16 | -5% |
| PBDT | 79.02 | 72.30 | 9% | 294.85 | 281.83 | 5% |
| Depreciation | 1.73 | 1.83 | -5% | 6.59 | 6.85 | -4% |
| PBT | 77.29 | 70.47 | 10% | 288.26 | 274.98 | 5% |
| EO | 0.00 | 0.00 | 0% | 0.00 | 0.00 | 0% |
| PBT after EO | 77.29 | 70.47 | 10% | 288.26 | 274.98 | 5% |
| Total Tax | 16.67 | 15.05 | 11% | 62.14 | 58.71 | 6% |
| PAT | 60.62 | 55.42 | 9% | 226.12 | 216.27 | 5% |
| EPS* | # | # | 15.3 | 14.7 | ||
| * Annualized on fully diluted Equity Of Rs 14.75 Crore of face value of Rs 1 each EO: Extraordinary Items EPS Is Calculated After Excluding EO And Relevant Tax Figures In Rs Crore Source: Capitaline Corporate Database |
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