homebusiness Newscompanies NewsInflationary headwinds hurt Bajaj Consumer Care's operating performance
Inflationary headwinds hurt Bajaj Consumer Care's operating performance
Weakness in the General Trade was offset by growth in the Modern Trade segment.
Bajaj Consumer Care reported weak earnings for the September quarter as cost pressures hurt the company's gross and operating margin.
The company's EBITDA margin for the quarter declined 950 basis points from last year to 13.5 percent, while gross margin fell 730 basis points to 51.8 percent.
Higher cost of materials and other expenses, which increased 30 percent year-on-year hurt the operational performance.
Revenue for the quarter increased 7.2 percent from last year. The weakness in the General Trade was offset by growth in the Modern Trade segment.
The company's international business grew over 50 percent during the quarter led by the Middle East and Africa. New countries and portfolio expansion contributed to strong growth in the Rest of World segment.
Shares of Bajaj Consumer ended 4.4 percent lower at Rs 157.20.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
PM Modi visits Ram Mandir for first time since 'Pran Pratishtha', offers prayers before roadshow
May 5, 2024 8:59 PM
Visiting temples, obliging selfie requests, jabbing rivals – Kangana Ranaut is wooing voters on campaign trail
May 5, 2024 8:23 PM