Bajaj Consumer Q1 Review - Muted Performance Despite Favourable Base: Dolat Capital

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. .Dolat Capital Report.Bajaj Consumer Care Ltd.’s Q1 FY22 results were below our estimate. Core hair oil business(excluding sanitizer) grew 20.4% driven by 24.3% volume growth. During Q1 FY22, general trade grew 6.2%, alternate channels increased 40% YoY. Central region, a major component of business, was the only market which exhibited de-growth in Q1. Gross margin contracted by 730 basis points in Q1 due to elevated raw material prices and change in product mix. Commodity prices are on an uptrend in Q2, Bajaj Consumer took combined 3% price hike in last two quarters to support gross margin. While most of the wholesale markets were disrupted in Q1, retail initiative in focus markets resulted in up 40% growth in the channel..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Bajaj Consumer Q1 Review - Muted Performance Despite Favourable Base: Dolat Capital

Bajaj Consumer Q1 Review - Muted Performance Despite Favourable Base: Dolat Capital

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