Bajaj Consumer Care Q2 net profit up 11 percent to Rs 56 crore

By

Maverick Martins

Published
Oct 15, 2019

Bajaj Consumer Care's net profit for the second quarter rose 11 percent to Rs 56 crore ($7.9 million) as against Rs 50 crore it reported during the corresponding quarter last fiscal year.
 

The company also witnessed a 2 percent rise in its net sales to Rs 227 crore during the period ended September 30, 2019, as compared to Rs 222 crore it reported in the year-ago period.
 
The company's flagship product Almond Drops Hair Oil reported volume growth of 8 percent, while its skin care brand ‘No marks’ grew 30 percent during the quarter.

Commenting on the results, Bajaj Consumer in a statement said: “The growth had been sluggish across channels. Rural demand witnessed substantial sequential slowdown while urban retail off takes witnessed a sharp decline.”
 
“The modern trade channel continued to see strong growth at 19 percent in July-September, while the e-commerce trade channel and pharma grew by 97 percent and 42 percent, respectively,” it added.
 
Bajaj Consumer Care is one of the leading players in the hair oil category with brands like Bajaj Almond Drops Hair oil, Bajaj Brahmi Amla Hair Oil, Bajaj Amla Hair oil and Bajaj Jasmine Hair oil.

The company had recently entered into the skin care category with the acquisition of Nomarks brand.