Bajaj Consumer Care Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for BAJAJCON, BSE:533229 Bajaj Consumer Care Ltd.

Bajaj Consumer Care Ltd.

12 Jan 2018

265.70

-0.62%

Bajaj Corp - 3QFY18 Result Update

Buy: Bajaj Consumer Care Ltd.

Target

Reliance Securities

Mixed Performance; Rural Recovery on the Cards Bajaj Corp has reported a mixed set of numbers for 3QFY18. Net sales grew by 5.9% YoY to Rs2bn (vs. our estimate of Rs2.1bn), while PAT fell by 4.6% YoY to Rs552mn (vs. our estimate of Rs608mn). However, EBITDA grew by 10.8% YoY to Rs678mn in line with our estimates. Lowerthan-estimated growth is attributable to sharp fall in international business revenues (down 44% YoY) and lower other income (down 67% YoY to Rs45mn). On the back of favourable base effect, domestic volume growth came in at 8.2%, which was the highest in past 9 quarters. Expecting the Company to report revenue and earnings CAGR of 11.9% and 12.5%, respectively through FY17-20E coupled with attractive valuation of 24x FY20E, we maintain...

Bajaj Consumer Care Ltd. is trading below its 30 day SMA of 275.0

Bajaj Consumer Care Ltd.

11 Jan 2018

265.70

-0.62%

Bajaj Corp

Buy: Bajaj Consumer Care Ltd.

Target

JM Financial

Bajaj Corp's 3QFY18 report was disappointing as volume growth recovery turned out to be well-below our expectations. While the headline numbers were impacted by lower international turnover, domestic business volume growth of 8% was also quite subdued given a highly favourable base (BAD volumes declined 4%, overall volumes down 6.5% in 3Q LY). Reported operating performance for the quarter was partially aided by prior period income (CGST refund pertaining to earlier excise-exempt zones). Excluding this, EBITDA growth was just 2-3% due to the impact of sharp increase in SG&A; (+23.7%). The company attributed the disappointment in performance to weakness in the wholesale and CSD...

Bajaj Consumer Care Ltd. is trading below its 30 day SMA of 275.0

Bajaj Consumer Care Ltd.

17 Oct 2017

265.70

-0.62%

Bajaj Corp - Result Update

Buy: Bajaj Consumer Care Ltd.

Target

Reliance Securities

Bajaj Corp has reported an encouraging set of numbers in 2QFY18, especially on the volume front. Its overall volume grew by 5.1% YoY, while the flagship Almond Drops Hair Oil (ADHO) volume grew by 6.5% YoY, marking the highest growth in the past 8 quarters. While net sales grew by 3.7% YoY to Rs2bn, EBITDA and net profit declined by 13% YoY to Rs583mn and Rs507mn respectively, which can be attributed to higher A&P; and employee cost. Looking ahead, we expect the growth momentum to improve on the back of major recovery in rural demand post normal monsoon, stabilisation of trade post GST roll-out, increased focus on direct distribution and return of pricing power. Expecting 10.6% revenue and 11.2% earnings...

Bajaj Consumer Care Ltd. is trading below its 30 day SMA of 275.0

Bajaj Consumer Care Ltd.

16 Oct 2017

265.70

-0.62%

Bajaj Corp

Buy: Bajaj Consumer Care Ltd.

JM Financial

Bajaj Consumer Care Ltd. is trading below its 30 day SMA of 275.0

Bajaj Consumer Care Ltd.

30 Aug 2017

265.70

-0.62%

Bajaj Corp Ltd

Buy: Bajaj Consumer Care Ltd.

Recommendation Target

CD Equisearch

Weak consumer demand- accentuated by GST roll outout let to subdued volume growth for Bajaj Corp in Q1FY18. FY18. In Q1FY18 operating profit was down by 14.5% to Rs 60.64 crores ($9.4m),, primarily due to combined effect...

Bajaj Consumer Care Ltd. is trading above its 200 day SMA of 210.8

Bajaj Consumer Care Ltd.

13 Jul 2017

265.70

-0.62%

Bajaj Corp - Result Update

Buy: Bajaj Consumer Care Ltd.

Target

Reliance Securities

Trade Disruption due to GST Impacts Performance Trade pipeline correction in anticipation of GST roll-out coupled with weak consumer demand led to muted set of numbers for Bajaj Corp in 1QFY18. While net sales fell by 3.4% YoY to Rs2bn, reported net profit grew by 5.3% YoY to Rs550mn. Both top-line and bottom-line missed our estimates by 5%. EBITDA declined by 14.5% YoY to Rs606mn, primarily due to higher employee and other expenses during the quarter. We believe that trade disruption in wake of GST is a temporary phenomenon and expect it to correct itself in ensuing quarters. We expect the demand scenario to improve on the back of...

Bajaj Consumer Care Ltd. is trading below its 30 day SMA of 275.0

Bajaj Consumer Care Ltd.

25 Apr 2017

265.70

-0.62%

Bajaj Corp Ltd: Managed to Post Flat Revenue Numbers YoY Due... (Apr 25, 2017)

Hold: Bajaj Consumer Care Ltd.

Recommendation Target

Karvy

Managed to Post Flat Revenue Numbers YoY Due to De-growth in Volume Numbers: Bajaj Corp has delivered flat revenue numbers for the year due to 3.2% de-growthin volumes which is mainly due to destocking continued in the wholesale segment as well as the sluggish revival in the rural markets. EBITDA for the year reported at Rs. 2636 Mn which is declined by 3.7% over the last year. The company has reported total income from operations at Rs.2045 Mn during this quarter,registering 2.0% YoY de-growth, compared to Rs.2088 Mn during Q4FY16.

Bajaj Consumer Care has gained 51.86% in the last 6 Months

Bajaj Consumer Care Ltd.

17 Apr 2017

265.70

-0.62%

Bajaj Corp - Result Update

Buy: Bajaj Consumer Care Ltd.

Target

Reliance Securities

Bajaj Corp has delivered poor set of numbers in 4QFY17 with its net sales falling by 1.9% YoY to Rs2bn, while pre-exceptional net profit plummeted by 20.2% YoY to Rs527mn. Overall volume for the quarter has declined by 7% YoY. Considering the tough quarter, we have revised our revenue and profit estimate for FY18E downwards by 4% and 7%, respectively. We expect Bajaj Corp to report revenue and earnings CAGR of 14.5% and 18.5%, respectively through FY17-19E. Considering the Company's market leadership and pricing power, coupled with attractive...

Bajaj Consumer Care .. has an average target of 400.00 from 1 broker.

Bajaj Consumer Care Ltd.

14 Mar 2017

265.70

-0.62%

BAJAJ CORP LTD

Buy: Bajaj Consumer Care Ltd.

Rudra Shares and Stock Brokers Ltd

No mark registered net sales of around ` 5.3 crore sales in Dec'16 quarter. The business is improving, but new products planned will be launched only in April'17 onwards. Company testing out the new strategy of focusing on No Marks Cream in one state at a time, the results of which will be known in a couple of month's time. So, if the results turn out to be positive sometime in...

Bajaj Consumer Care Ltd. is trading above its 200 day SMA of 210.8

Bajaj Consumer Care Ltd.

13 Jan 2017

265.70

-0.62%

Bajaj Corp - Result Update

Buy: Bajaj Consumer Care Ltd.

Target

Reliance Securities

In the light of demonetisation and its resultant impact on consumer demand, Bajaj Corp has reported decent numbers in 3QFY17. Its net sales fell by 4.8% yoy to Rs1.9bn, while net profit grew by 17.2% yoy to Rs578mn aided by favourable base that included amortisation charge of Nomarks. We expect recovery in demand in FY18E owing to improved consumer sentiments and higher currency circulation. Expecting 9.1% & 21% CAGR in revenue and earnings through FY16-18E, we reiterate our BUY...

Bajaj Consumer Care Ltd. is trading above its 200 day SMA of 210.8

Is Bajaj Consumer Care Ltd. worth buying?

480 Votes:

Buy 76.25%

Sell 13.54%

Hold 10.21%

RESEARCH REPORTS

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