Shares of FMCG firm Bajaj Corp today fell by over 4 per cent after the company reported a marginal decline in its standalone net profit as well as in sales for the quarter ended March 31, 2016.
The stock slumped 5.75 per cent to Rs 390 in intra-day, before settling at Rs 396.35, down 4.22 per cent, on BSE.
At NSE, the scrip fell by 3.42 per cent to close at Rs 399.35.
Bajaj Corp yesterday reported a marginal decline in standalone net profit at Rs 54.02 crore for the January-March period of the last fiscal ended March 31. It had reported a net profit of Rs 54.42 crore in the same quarter of 2014-15 fiscal.
The company's net sales stood at Rs 227.79 crore in the quarter under review, down 3.24 per cent, as against Rs 235.42 crore in the year-ago period, the firm had said in a BSE filing.
Bajaj Corp's products include Bajaj Almond Drops, Bajaj Kailash Parbat and Bajaj Brahmi Amla and Nomarks brand.
