Bajaj Consumer Care Q1 Results: Net profit rises 36.3% on year to ₹46.2 crore
Bajaj Consumer Care Ltd on Wednesday reported an 36.3% year-on-year rise in its consolidated net profit for the fiscal's first quarter ended June (Q1FY24) to ₹46.2 crore. The company had reported a profit of ₹33.9 crore in the year-ago period. Sequentially, consolidated net profit was up 14.2% from ₹40.5 crore in Q4FY23.
Bajaj Consumer share price opened at ₹223.90 apiece on BSE. The company's consolidated total revenue from operations rose 8.34% on year to ₹270.2 crores during the quarter ended June from ₹249.4 crore in Q1FY23. Total income rose to ₹280.7 crore in the first quarter.
It stood at ₹256.2 crore in the year-ago period. The company in an exchange filing stated that earnings before interest, taxes, and amortization (EBITDA) increased by 30.1% on year to ₹49 crore during the quarter under review. For the quarter ended June, the margin came in at 18.4% and showed an improvement of 310 basis point on year basis.
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