Bajaj Corp Q1 net down 16% at Rs 39.61 crore

Company had reported a net profit of Rs 47.01 crore in the April-June quarter of 2013-14 fiscal

FMCG firm Bajaj Corp has reported 15.74% decline in standalone net profit at Rs 39.61 crore for the first quarter ended June 30, 2014.

It had reported a net profit of Rs 47.01 crore in the April-June quarter of 2013-14 fiscal, the company said in a BSE filing.

Baja Corp's net sales stood at Rs 191.06 crore, up 12.36% as against Rs 170.04 crore in the corresponding period a year ago.

During the quarter overall expenses were at Rs 138.47 crore compared with Rs 122.77 crore.

Bajaj Corp has several products in the hair care segment such as Bajaj Almond Drops, Bajaj Kailash Parbat and Bajaj Brahmi Amla.

The company's scrip closed at Rs 228.90 apiece, down 1.93% from its previous close on BSE.