BAJAJ CONSUMER CARE Announces Quarterly Results (1QFY20); Net Profit Up 9.1%

Wed, 17 Jul

BAJAJ CONSUMER CARE has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

BAJAJ CONSUMER CARE Quarterly Financials

No. of Mths Qtr. Ending		3 Jun-18*	3 Mar-19*	3 Jun-19*	QoQ Change	YoY Change
Net Sales	Rs m	2,214	2,457	2,402	-2.2%	8.5%
Other income	Rs m	64	19	60	220.0%	-7.4%
Turnover	Rs m	2,279	2,475	2,462	-0.5%	8.1%
Expenses	Rs m	1,523	1,680	1,698	1.1%	11.5%
Gross profit	Rs m	639	777	705	-9.3%	10.4%
Depreciation	Rs m	15	17	13	-24.9%	-13.2%
Interest	Rs m	3	5	4	-30.1%	43.4%
Profit before tax	Rs m	685	773	748	-3.3%	9.1%
Tax	Rs m	148	167	161	-3.3%	9.1%
Profit after tax	Rs m	538	606	587	-3.2%	9.1%
Gross profit margin	%	28.8	31.6	29.3
Effective tax rate	%	21.5	21.6	21.6
Net profit margin	%	23.6	24.5	23.8

Year-on-Year Performance:

• The company's operating income during the quarter grew 8.5% on a year-on-year (YoY) basis. The expenses were up by 11.5% YoY during the same period.
• The company's operating profit increased by 10.4% YoY during the quarter. Consequently, operating profit margins remained same and stood at 29.3% in 1QFY20.
• Depreciation charges declined by 13.2% and finance costs increased by 43.4% YoY, respectively.
• Other income declined by 7.4% YoY during the quarter.
• Net profit for the quarter increased by 9.1% YoY. Net profit margins during the quarter increased from 23.6% in 1QFY19 to 23.8% in 1QFY20.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter fell 2.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.1% QoQ during the same period.
• The company's operating profit declined by 9.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 29.3% in 1QFY20 as against 31.6% in 4QFY19.
• Net profit for the quarter declined by 3.2% QoQ, while net profit margins declined from 24.5% in 4QFY19 to 23.8% in 1QFY20.

To see how BAJAJ CONSUMER CARE has performed over the last eight quarters,please visit here.

BAJAJ CONSUMER CARE Share Price Performance

Over the last one year,BAJAJ CONSUMER CARE share price has moved down from Rs 407.3 to Rs 313.6, registering a Loss of Rs 93.7 or around 23.0%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,261.1 (up 0.4%). Over the last one year it has moved down from 11,367.8 to 11,261.1, a gain of 107 points (down 0.9%).

Overall, the S&P BSE SENSEX is up 8.1% over the year.

Current Valuations

At the current price of Rs 313.6, the price to earnings (P/E) ratio of BAJAJ CONSUMER CARE stands at 20.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.9 times.