Bajaj Consumer Care (Formerly Bajaj corp limited)

I have noticed that the company is putting effort in optimising operations, atleast since last 2 quarters. In latest quarter

• Consolidated sales increased by 9.5% YoY, and 14% QoQ.

• Total market share remains flat at 10.4%

• Urban demand has improved now positive, rural demand has slight improvement but still negative.

• Prices of RMO and LLP has reduced significantly and consequently the margin has improved to 17.9%

• Dividend announced Rs. 5/- per share.

Performance on expected lines, the price was supported by buyback since last Q, hopefully this Q performance will support it further.

Also, in previous quarter there are some more positives.

1. Reduction in consumption of glass bottles by 8%. (above 16% done last year)

2. Reduction in consumption by 6%. (above 14% done last year)

3. Reduced 30% of water consumption compare to H1

And the cumulative results of which shall spurt growth in coming quarters, if company can stick to these improvements.

Disc:
Invested.