Bajaj Corp. Limited Reports Audited Standalone Earnings Results for the Fourth Quarter of 2016 and Standalone and Consolidated Earnings Results for the Full Year Ended March 31, 2017
April 13, 2017 at 06:16 am EDT
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Bajaj Corp. Limited reported audited standalone earnings results for the fourth quarter of 2016 and standalone and consolidated earnings results for the full year ended March 31, 2017. For the quarter, the standalone company’s net sales were INR 2,042.115 million compared to INR 2,082.588 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 648.211 million compared to INR 743.259 million a year ago. Profit from ordinary activities before tax was INR 668.715 million compared to INR 689.77 million a year ago. Net profit for the period was INR 526.665 million or INR 3.51 per basic and diluted share, compared to INR 542.573 million or INR 3.68 per basic and diluted share, a year ago. EBITDA was INR 673.2 million against INR 765.8 million a year ago.
For the year, the standalone company’s net sales were INR 7,904.907 million compared to INR 7,936.656 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,608.409 million compared to INR 2,701.079 million a year ago. Profit from ordinary activities before tax was INR 2,808.746 million compared to INR 2,516.99 million a year ago. Net profit for the period was INR 2,209.576 million or INR 14.92 per basic and diluted share, compared to INR 1,979.865 million or INR 13.42 per basic and diluted share, a year ago. EBITDA was INR 2,700.0 million against INR 2,785.5 million a year ago.
For the year, the company’s consolidated net sales were INR 7,948.494 million compared to INR 7,975.249 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,582.708 million compared to INR 2,687.881 million a year ago. Profit from ordinary activities before tax was INR 2,782.489 million compared to INR 2,502.856 million a year ago. Net profit for the period was INR 2,182.421 million or INR 14.73 per basic and diluted share, compared to INR 1,964.354 million or INR 13.32 per basic and diluted share, a year ago.
Bajaj Consumer Care Limited is an India-based fast moving consumer goods company. The Company is engaged in the manufacturing and marketing of cosmetics, toiletries and other personal care products. The Company a has presence in both domestic and international markets. It has a presence across various segments of personal care, including hair care and skin care. Its range of products include Bajaj Almond Drops, Bajaj 100% Pure Coconut Oil, Bajaj Coco Onion Non-Sticky Hair Oil, Bajaj Amla Aloevera Hair Oil, Bajaj Brahmi Amla Ayurvedic Hair Oil, New Bajaj Sarson Amla Hair Oil, Natyv Soul, Bajaj 100% Pure and Bajaj Nomarks Ayurveda. Its Natyv Soul products include Natyv Soul Pure Argan Oil from Morocco, Natyv Soul Argan Oil Shampoo and Natyv Soul Argan Oil Conditioner. The Company's distribution outlets are classified as two parts: general trade, which includes general retail stores and local corner shops, and organized trade, which includes large retail outlets as well as e-commerce.
Bajaj Corp. Limited Reports Audited Standalone Earnings Results for the Fourth Quarter of 2016 and Standalone and Consolidated Earnings Results for the Full Year Ended March 31, 2017