Bajaj Consumer Care - Just One Quarter - Many Answers: ICICI Securities 
Range of Bajaj Consumer Care hair oil products. (Source: Company website)

Bajaj Consumer Care - Just One Quarter - Many Answers: ICICI Securities 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Bajaj Consumer Care Ltd.’s Q3 results was a beat on all counts. The improving fundamentals will likely drive stock re-rating, in our view.

Interim dividend (announcement) of Rs 6 somewhat allays consensus concerns on cash utilisation. Q3 revenue grew 17%. We like the renewed thrust on -

  1. product relaunch (upgraded formulation),
  2. new stock keeping units (filling white spaces),
  3. communication (integrated campaign, thrust on digital and improved brand visibility across retail outlets) and
  4. focus on categories beyond Almond Drop Hair Oil (Amla (gooseberry) market share doubled through distribution expansion).

Click on the attachment to read the full report:

ICICI Securities Bajaj Consumer Care Q3FY21 Results Update.pdf

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