For the
quarter ending March 2022, consolidated net sales (including other operating income) of Bajaj Consumer Care has declined 12.33% to Rs 218.24 crore compared to quarter ended march 2021.
Operating profit margin has declined from 24.78% to 15.91%, leading to 43.71% decline in operating profit to Rs 34.72 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 27.07% to 26.66%. Purchase of finished goods cost rose from 10.98% to 16.05%. Employee cost increased from 8.72% to 8.94%. Other expenses rose from 28.28% to 32.36%. Other income rose 68.67% to Rs 10.66 crore. PBIDT fell 33.26% to Rs 45.38 crore. Provision for interest fell 68.57% to Rs 0.11 crore. Loan funds remained nil. Inventories rose to Rs 57.09 crore as of 31 March 2022 from Rs 43.17 crore as of 31 March 2021. Sundry debtors were lower at Rs 19.13 crore as of 31 March 2022 compared to Rs 22.45 crore as of 31 March 2021. Cash and bank balance rose to Rs 14.45 crore as of 31 March 2022 from Rs 9.59 crore as of 31 March 2021. Investments rose to Rs 611.64 crore as of 31 March 2022 from Rs 584.55 crore as of 31 March 2021 . PBDT fell 33.08% to Rs 45.27 crore. Provision for depreciation fell 14.56% to Rs 1.35 crore. Fixed assets increased to Rs 136.35 crore as of 31 March 2022 from Rs 130.81 crore as of 31 March 2021. Intangible assets stood at Rs 43.00 crore. Profit before tax down 33.53% to Rs 43.92 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 8.1 crore, compared to Rs 11.39 crore. Effective tax rate was 18.44% compared to 17.24%. Minority interest was nil in both the periods. Net profit attributable to owners of the company decreased 34.49% to Rs 35.82 crore. Equity capital stood at Rs 14.75 crore as of 31 March 2022 to Rs 14.75 crore as of 31 March 2021. Per share face Value remained same at Rs 1.00. Promoters’ stake was 38.04% as of 31 March 2022 ,compared to 38.04% as of 31 March 2021 .
Full year results analysis.
Net sales (including other operating income) of Bajaj Consumer Care has declined 4.54% to Rs 879.96 crore. Operating profit margin has declined from 26.41% to 19.76%, leading to 28.56% decline in operating profit to Rs 173.92 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 25.62% to 27.62%. Purchase of finished goods cost rose from 9.30% to 14.84%. Employee cost increased from 9.34% to 9.93%. Other expenses fell from 28.98% to 28.03%. Other income rose 11.87% to Rs 38.64 crore. PBIDT fell 23.54% to Rs 212.56 crore. Provision for interest fell 26.81% to Rs 1.01 crore. Loan funds remained nil. Inventories rose to Rs 57.09 crore as of 31 March 2022 from Rs 43.17 crore as of 31 March 2021. Sundry debtors were lower at Rs 19.13 crore as of 31 March 2022 compared to Rs 22.45 crore as of 31 March 2021. Cash and bank balance rose to Rs 14.45 crore as of 31 March 2022 from Rs 9.59 crore as of 31 March 2021. Investments rose to Rs 611.64 crore as of 31 March 2022 from Rs 584.55 crore as of 31 March 2021 . PBDT fell 23.52% to Rs 211.55 crore. Provision for depreciation fell 18.88% to Rs 5.07 crore. Fixed assets increased to Rs 136.35 crore as of 31 March 2022 from Rs 130.81 crore as of 31 March 2021. Intangible assets stood at Rs 43.00 crore. Profit before tax down 23.63% to Rs 206.48 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 36.84 crore, compared to Rs 47.23 crore. Effective tax rate was 17.84% compared to 17.47%. Minority interest was nil in both the periods. Net profit attributable to owners of the company decreased 23.97% to Rs 169.64 crore. Equity capital stood at Rs 14.75 crore as of 31 March 2022 to Rs 14.75 crore as of 31 March 2021. Per share face Value remained same at Rs 1.00. Promoters’ stake was 38.04% as of 31 March 2022 ,compared to 38.04% as of 31 March 2021 . Cash flow from operating activities decreased to Rs 128.55 crore for year ended March 2022 from Rs 237.13 crore for year ended March 2021. Cash flow used in acquiring fixed assets during the year ended March 2022 stood at Rs 10.88 crore, compared to Rs 2.69 crore during the year ended March 2021.
Dividend update
Board
recommended Final Dividend of Rs 4 per share (400%), on Equity Shares of the
Face Value of Re 1 each for the Financial Year ended March 31 , 2022.
| Bajaj Consumer Care : Consolidated Results | | | Quarter ended | Year ended |
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| Particulars | 202203 | 202103 | Var.(%) | 202203 | 202103 | Var.(%) |
|---|
| Net Sales (including other operating income) | 218.24 | 248.92 | -12.33 | 879.96 | 921.82 | -4.54 | | OPM (%) | 15.91 | 24.78 | -887 bps | 19.76 | 26.41 | -665 bps | | OP | 34.72 | 61.68 | -43.71 | 173.92 | 243.45 | -28.56 | | Other Inc. | 10.66 | 6.32 | 68.67 | 38.64 | 34.54 | 11.87 | | PBIDT | 45.38 | 68.00 | -33.26 | 212.56 | 277.99 | -23.54 | | Interest | 0.11 | 0.35 | -68.57 | 1.01 | 1.38 | -26.81 | | PBDT | 45.27 | 67.65 | -33.08 | 211.55 | 276.61 | -23.52 | | Depreciation | 1.35 | 1.58 | -14.56 | 5.07 | 6.25 | -18.88 | | PBT | 43.92 | 66.07 | -33.53 | 206.48 | 270.36 | -23.63 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 43.92 | 66.07 | -33.53 | 206.48 | 270.36 | -23.63 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 43.92 | 66.07 | -33.53 | 206.48 | 270.36 | -23.63 | | Taxation | 8.1 | 11.39 | -28.88 | 36.84 | 47.23 | -22.00 | | PAT | 35.82 | 54.68 | -34.49 | 169.64 | 223.13 | -23.97 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | | Net profit | 35.82 | 54.68 | -34.49 | 169.64 | 223.13 | -23.97 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 35.82 | 54.68 | -34.49 | 169.64 | 223.13 | -23.97 | | EPS (Rs)* | 2.43 | 3.71 | -34.49 | 11.50 | 15.12 | -23.97 | | | * EPS is on current equity of Rs 14.75 crore, Face value of Rs 1, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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