Buy Bajaj Consumer Care, target price Rs 300: ICICI Securities

ICICI Securities has buy call on Bajaj Consumer Care with a target price of Rs 300. The current market price of Bajaj Consumer Care is Rs 263.5.

Bajaj Consumer Care Ltd., incorporated in the year 2006, is a Mid Cap company (having a market cap of Rs 3744.34 Crore) operating in FMCG sector.

Bajaj Consumer Care Ltd. key Products/Revenue Segments include Personal Care and Other Operating Revenue for the year ending 31-Mar-2023.


Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 251.64 Crore, up .59 % from last quarter Total Income of Rs 250.16 Crore and down -3.04 % from last year same quarter Total Income of Rs 259.52 Crore. Company reported net profit after tax of Rs 35.58 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 39.3 per cent stake in the company as of 31-Mar-2024, while FIIs owned 14.1 per cent, DIIs 17.47 per cent.