Q4FY23 Quarterly & FY23 Annual Result Announced for Bajaj Consumer Care Ltd.
Personal Products company Bajaj Consumer Care announced Q4FY23 & FY23 results: Volume growth of 9.9% in Q4FY23 and 5.6% in FY23 YoY Value growth of 11.7% in Q4FY23 and 8.4% in FY23 YoY, Hair oil grew by 11.9% in Q4FY23 and by 8.1% in FY23 NPDs grew by 2.1X in FY23 to Rs 113 crore from Rs 53 crore in FY22 On Consolidated basis, value growth of 9.5% in FY 23 with IB growth of 56% Gross Margins in Q4FY23 – 54.1% v/s Q4FY22 – 56.2%, sequential improvement over Q3FY23 by 110 bps Gross margin in FY23 – 53.4% v/s FY22 – 57.3% Inflation in RM prices impacted margins on YoY basis EBITDA in Q4FY23 margins at 17.9% same as Q4FY22, in absolute terms at Rs 43.3 crore higher by 12% YoY FY23 – 15.6% of sales (-570 bps) on account of increased investments in A&P; (+160 bps) and reduction in Gross margins (-390 bps) Bajaj Hair oil market share (Value) in THO remains flat at 10.4% in Q4FY23 v/s Q4FY22 Result PDF03-05-2023