InvestorQ : How do you see the impact of the positive Jun-20 quarter results by Bajaj Consumer?
sara Kunju made post

How do you see the impact of the positive Jun-20 quarter results by Bajaj Consumer?

Answer
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3 months ago


Bajaj Consumer Care was locked in upper circuit at Rs.181 on the back of a strong operational performance in the Jun-20 quarter. EBITDA margin stood at 30.93% in the quarter. The net profit of the company more than doubled to Rs.54.19 crore. Total revenues grew 11% to 196 crore on a sequential basis, largely on the back of the lockdown effect.

The company witnessed significant disruptions during the first half of April but post that it has been able to revive its operations and has already reverted to near normal business. Hence the impact was only temporary. However, the stock is already up 25% in the recent past that may put some limits on further upsides on the stock.