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Bajaj Consumer Care Q4 Net Profit Soars 13%, Shares Up 9%

Shares of Bajaj Consumer Care rose 9% after fourth-quarter net profit soared 13%.

Bajaj Consumer Care Limited (BCCL) shares rose on May 4 after the company posted a 13% rise in consolidated net profit to Rs 40 crore for the fourth quarter ended March 2023, compared to a Rs 36 crore a year earlier and 22% over the previous quarter.

The company’s operating income rose 15% to Rs 246 crore in the quarter, compared to Rs 215 crore reported last year, on steady sales. Total expenses in Q4FY23 stood at Rs 210 crore, up 14% from Rs 185 crore. BCCL’s total revenue soared 13% to Rs 260 crore in the March quarter.

EBITDA stood at Rs 43 crore, an increase of 18.7% from Rs 36 crore in the fourth quarter of the previous financial year. The EBITDA margin increased to 17.4% compared to 16.8% in the same period last year.

BCCL’s net profit fell 18% to Rs 139 crore in the fiscal year ending March 2023. It was Rs 170 crore in FY22. Its operating income in FY23 rose 9% to Rs 949 crore from Rs 867 crore a year ago.

The company has also declared a 500% dividend for its shareholders in FY23, amounting to Rs 5 per share with a face value of Re 1.

The company’s market capitalisation rose more than 15% last month. The stock traded 6.8% higher at Rs 175.85 on the NSE at 10:30 am, while the benchmark Nifty was trading 0.24% higher at 18,133.40.

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