Bajaj Corp Ltd: Q3FY2018-19 Review
Bajaj Corp Ltd, one of India’s leading player in Hair oil category has announced its Q3 FY 2018-19 numbers just after the market hours!
The Company’s total income rose by 11.50% YoY to INR 236.94 Cr for the period ended 31 December 2018 and the same was INR 212.53 Cr last year.
The board of the company recommended an interim dividend at the rate of 1400% i.e. Rs 14 per share.
The stock touched an intraday high of INR 389.25 and an intraday low of INR 369.10 on the National Stock Exchange (NSE)
Revenue:
The Company’s revenue from operations (combining sale of Goods and other operating revenues) was up by 7.92% QoQ at INR 229.56 Cr versus INR 212.72 Cr.
Profit:
The Company has reported 9 percent jump in its Q3 (Oct to Dec ’18) net profit at INR 60 Cr against INR 55.1 Cr, in a year ago period.
Bajaj Corp Ltd: Company Overview
Bajaj Corp Limited is part of Bajaj Group which has interests in varied industries including Sugar, Consumer Goods, Power Generation and Infrastructure Development.
History: Bajaj Corp is the 2nd largest company in the Shishir Bajaj Group of companies. The history of Bajaj Corp Ltd dates back to 1953 when Mr. Kamalnayan Bajaj established Bajaj Sevashram to market and sell hair oils and other beauty products.
Brands: Bajaj Corp Limited is one of the leading players in Hair oil category with brands like (1) Bajaj Almond Drops Hair oil, (2) Bajaj Brahmi Amla Hair Oil, (3) Bajaj Amla Hair oil and (4) Bajaj Jasmine Hair oil. The Company’s flagship Brand Bajaj Almond Drops Hair Oil is the No. 1 hair oil in Indian market with Premium positioning and commands one of the highest per unit price in the industry.
International Business: Bajaj Corp markets its personal care brands in more than 30 countries, with primary focus in SAARC, Gulf & Middle-East, ASEAN and African regions.
The Company have GMP certified manufacturing units in India and abroad to deliver products apposite to meet the diverse needs and preferences of consumers in different markets.
Stock Price Movement
The stock ended 3.25% lower to INR 371.75 (NSE) when the market closed! During the quarter ended 31 December 2018, the share prices of Bajaj Corp Ltd tumbled more than 14%
Bajaj Corp on Technical Charts
The stock price of Bajaj Corp Limited is trading just above its 50 EMA (INR 368) and trading more than 7% lower when compared to its 200 EMA (INR 401)
Also Read –
Value Pick Stock of the Month – Vadilal Industries Limited
Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.
