Bajaj Consumer Care zooms 20% on healthy operational performance in Q1

In Q1FY21, EBITDA (earnings before interest, taxes, depreciation, and amortization) margins came at 30.42 per cent against brokerage estimate of around 20.5 per cent.

Shares of Bajaj Consumer Care were locked in the upper circuit band of 20 per cent at Rs 181 on the BSE on Thursday after the company reported a strong operational performance in June quarter (Q1FY21) with EBITDA (earnings before interest, taxes, depreciation, and amortization) margins coming in at 30.42 per cent against brokerages' estimate of around 20.5 per cent. EBITDA margin stood at 30.93 per cent in June 2019 quarter (Q1FY20) and 25.67 per cent in March quarter (Q4FY20).

The personal products company reported a net profit at Rs 54.19 crore in Q1FY21 against Rs 24.52 crore in Q4FY20. The