Bajaj Consumer Care Ltd, a leading FMCG company, announced its financial results for the fourth quarter ending March 2024, revealing a 12% decrease in consolidated net profit to Rs 35.58 crore. This decline is compared to the same quarter in the previous fiscal year, which saw a consolidated net profit of Rs 40.46 crore. The company's regulatory filing disclosed that its consolidated total revenue from operations for the quarter stood at Rs 239.96 crore, a slight decrease from the Rs 249.42 crore reported in the year-ago period.
Despite this, the company's total expenses showed a marginal decline, dropping to Rs 208.08 crore in the fourth quarter from Rs 210.33 crore in the same quarter of the previous year. However, Bajaj Consumer Care's consolidated net profit for the fiscal year ending March 2024 saw an increase to Rs 155.43 crore, up from Rs 139.22 crore in the previous fiscal year (FY23).
The company's consolidated total revenue from operations for FY24 also witnessed a rise, standing at Rs 984.12 crore compared to Rs 960.87 crore in the preceding fiscal. This growth indicates a positive trend for the company, despite the decline in quarterly profits. Bajaj Consumer Care's financial performance reflects its efforts to navigate the competitive FMCG market, and the company remains committed to driving growth and innovation in the industry.
Here is a summary of the key points:
- Bajaj Consumer Care Ltd reported a 12% decline in consolidated net profit to Rs 35.58 crore for the fourth quarter ending March 2024.
- The company's consolidated total revenue from operations stood at Rs 239.96 crore, a slight decrease from the previous year.
- Total expenses declined marginally to Rs 208.08 crore.
- Consolidated net profit for the fiscal year ending March 2024 increased to Rs 155.43 crore.
- Consolidated total revenue from operations for FY24 rose to Rs 984.12 crore.

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