Arthneeti

Bajaj Consumer Care Q2 FY27 Share Price & Earnings Call Analysis

₹370.15-5.24% today
Market cap
₹4,835 Cr
P/E
19.27
ROE
24.66%
PEG
1.89
Price to sales
3.70
Debt to equity
0.02
52W high / low
₹670 / ₹247
Sales growth (5Y)
4.79%
EBITDA margin
22.83%
Net profit margin
15.91%
Promoter holding
42.97%
Sales (last year)
₹1,307 Cr

Bajaj Consumer Care is engaged in the business of cosmetics, toiletries and other personal care products. The Company has presence in both domestic and international markets.(Source : 201903 Annual Report Page No: 98)

Guidance scorecard · Q2 FY27 call

What Bajaj Consumer's management guided
and where it ranks in Personal Products

Revenue10–20%MarginsFlatCapexWhat management saidFundraisingWhat management saidOrder bookWhat management said

RevenueQ2 FY27 call

10–20%
  • Bajaj Consumer aims for double-digit long-term growth.
  • For the financial year 2027, the company expects high-teens growth.
  • Aspirations remain for sustaining near double-digit growth into 2028.
  • Volume growth is supported by a focus on unit volumes (count of bottles sold), not inflated by free volume in packs.
  • Growth drivers include strengthening the Almond Drops brand, expanding the growth portfolio, and direct distribution expansion via Project Aarohan 2.0.
  • Distribution expansion targets increasing direct reach by 10% annually on a pan-India basis.
  • Rural demand is growing marginally faster than urban, supporting volume growth.

2 more points from Bajaj Consumer's call on revenue

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Full Q2 FY27 analysis

MarginsQ2 FY27 call

Flat

See what Bajaj Consumer said on margins — free account, 30 seconds.

Full Q2 FY27 analysis

CapexQ2 FY27 call

  • Focus appears to be on operational efficiencies, brand strengthening, distribution expansion (Aarohan 2.0), and product innovation rather than on large capital investments.
  • Naveen Pandey mentioned plans for expanding direct reach in urban and rural areas over the next six quarters.
  • Company stated no deals in active stages.
  • Emphasis is on prudent financial management, cost control, and marketing spend optimization rather than heavy capital expenditures.
Full Q2 FY27 analysis

FundraisingQ2 FY27 call

See what Bajaj Consumer said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

Ask what Bajaj Consumer said on the order book →

Full Q2 FY27 analysis
Full Personal Products ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Personal Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Honasa Consumer LtdGood growth
    3
See all potential multibaggersWhere does Bajaj Consumer rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Personal Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹2,041 Cr61.0
240%+Flat₹400 Cr35.6
3Honasa Consumer Ltd20–40%Up 0–2%₹14,745 Cr58.4
410–20%Flat₹87,493 Cr42.1
510–20%Flat₹68,298 Cr34.4
610–20%Flat₹16,419 Cr21.7

Sign up free to see every company in the sector ranking and track Bajaj Consumer.

Pro shows every company guiding 40%+ revenue growth →Full Personal Products ranking

Financials of Bajaj Consumer

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Bajaj Consumer

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +249270235239240246234234250267265306327
Expenses +208222198203205209201208219226217250250
Operating Profit42483736353733263240485677
OPM %17%18%16%15%14%15%14%11%13%15%18%18%23%
Other Income +1011111112119898856
Interest0000000000000
Depreciation2223323332455
Profit before tax49564544444539313846515678
Tax %18%17%18%18%18%18%18%19%18%17%18%18%18%
Net Profit +40463736363732253138424664
EPS in Rs2.803.242.612.552.492.602.321.852.262.773.243.554.87

Financials of Bajaj Consumer

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +8178007978289188529228809619849651,165
Expenses +578526533575644647678706820829837944
Operating Profit239274264254274205243174141155128221
OPM %29%34%33%31%30%24%26%20%15%16%13%19%
Other Income +-15-1821241730353937453627
Interest001114111112
Depreciation555776659101015
Profit before tax219250278270283225270206169189153231
Tax %21%22%22%22%22%18%17%18%18%18%18%18%
Net Profit +173196218211222185223170139155125190
EPS in Rs11.7113.3214.8014.3115.0212.5215.1211.509.6310.889.1414.56
Dividend Payout %98%86%78%84%93%16%66%70%51%28%0%0%

Financials of Bajaj Consumer

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital151515151515151514141413
Reserves474466479478453638742795775816734742
Borrowings +010151325205099416
Other Liabilities +797580102113141132122125144149174
Total Liabilities568566590608605815894931924984901945
Fixed Assets +185139162158154151149152160158154298
CWIP110152227252828282827
Investments184275339307251446585612575586401367
Other Assets +19915190127178191135140161212318253
Total Assets568566590608605815894931924984901945

Financials of Bajaj Consumer

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +20719321218017617923712910111665197
Cash from Investing Activity +-196-153768-173-10606412155-14
Cash from Financing Activity +-204-194-200-216-238-9-134-124-163-120-212-196
Net Cash Flow-165-316-3-35298-14
Free Cash Flow2061761771621671732351189511259163
CFO/OP106%90%103%94%87%111%116%93%93%97%73%106%

Financials of Bajaj Consumer

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days612131415119812162724
Inventory Days726158637384485743464552
Days Payable9553559287108764537334134
Cash Conversion Cycle-162016-151-13-201917303142
Working Capital Days-7-2-9-195-615721124
ROCE %52%60%57%53%58%39%38%26%21%23%19%31%

Guidance history

How Bajaj Consumer's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →10–20%Flat———
Q1 FY27 call →10–20%FlatPlanned——
Q4 FY26 call →10–20%FlatPlanned—Rising
Q3 FY26 call →20–40%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

22out of 100

Momentum score · price trend

22 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+38.2%82%
Last 6 months−17.8%25%
Last 3 months−29.4%6%

The price is 44.8% below its all-time high of ₹670.25 (10 Jul 2026). Stocks more than 20% below their peak have their score halved, so 44 became 22.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Bajaj Consumer: 0.4 × 82 + 0.4 × 25 + 0.2 × 6 = 44, halved to 22 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Bajaj Consumer's management said in earlier quarters

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