Bajaj Corporation declares Q4FY16 results: stock surges by 8 per cent
Mayuresh Deshmukh / 14 Apr 2016
Fast moving consumer goods (FMCG) conglomerate Bajaj Corporation (BCL) announced its year ending quarterly results on Tuesday.
Fast moving consumer goods (FMCG) conglomerate Bajaj Corporation (BCL) announced its year ending quarterly results on Tuesday. The net profit stands at Rs 54 crores in Q4FY16 compared to Rs 54.42 crores in Q4FY15, a decrease of 0.74 per cent YoY.
On financial front, the net revenue from operations of BCL reached Rs 228 in Q4FY16 compared to Rs 236 crores in Q4FY15, a decrease of 3.32 per cent year on year (YoY). The EBITDA stands at Rs 76 crores this quarter compared to Rs 74 crores in Q4FY15, an increase of 1.93 per cent YoY. The EBITDA margin stands at 33.09 per cent this quarter compared to 31.39 per cent in Q4FY15. The increase in EBITDA is attributed to substantial decrease in raw material consumption by 17.19 per cent to Rs 59.31 crores compared to Rs 71.62 crores for the same period last year. The net profit stands at Rs 54 crores in Q4FY16 compared to Rs 54.42 crores in Q4FY15, a decrease of 0.74 per cent YoY.
The year ending net revenue from operations increased by 6.15 per cent and reached Rs 876 crores compared to Rs 826 crores for the same period last year. EBITDA stands at Rs 274 crores compared to Rs 239 crores, an increase of 14.40 per cent YoY. The net profit for year stands at Rs 196 crores compared to Rs 173 crores for the same period last year, an increase of 13.72 per cent YoY. The total debt of company stands at Rs 1000 crores this quarter compared to no debt for the same period last year.
On valuation front the Trailing Twelve Month (TTM) P/E of BCL is 29.53 as compared to industry P/E of 50.87. Reacting to the numbers, the scrip surged as much as 8.42 per cent on Tuesday.
The company is engaged in the trading and manufacturing of cosmetics, toiletries and other personal care products. The company has brands in the hair oil category. The company provides its products under brands, Bajaj Kailash Parbat Thanda Tel, Bajaj Almond Drops Hair Oil, Bajaj Brahmi Amla Hair Oil, Bajaj Amla Shikakai Hair Oil, Bajaj Jasmine Hair Oil and Bajaj Nomarks skin care range.
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