Bajaj Consumer Care Q2 FY27 results: net profit up 65.9% to ₹70.15 crore, revenue up 25.5%

How did Bajaj Consumer Care perform in Q2 FY27?

Bajaj Consumer Care’s consolidated revenue for Q2 FY27 was ₹332.83 crore, up 25.5% from ₹265.27 crore in Q2 FY26. Total income increased 25.0% to ₹341.44 crore from ₹273.13 crore, while EBITDA rose 72.2% to ₹82.34 crore from ₹47.83 crore. EBITDA margin expanded to 24.7% from 18.0%, a rise of 6.7 percentage points.

Profit before tax rose 68.7% to ₹86.76 crore from ₹51.43 crore, and net profit increased 65.9% to ₹70.15 crore from ₹42.29 crore. Basic EPS rose 73.8% to ₹5.37 from ₹3.09, while PAT margin increased to 21.1% from 15.9%. There was no exceptional item in either quarter.

Against Q1 FY27, revenue was lower by ₹8.74 crore, or 2.6%, while EBITDA fell ₹1.05 crore to ₹82.34 crore and margin rose 0.3 percentage points to 24.7%. Net profit declined ₹0.60 crore to ₹70.15 crore and basic EPS fell to ₹5.37 from ₹5.42. On a standalone basis, revenue was ₹326.72 crore and net profit was ₹70.53 crore.

What changed in Bajaj Consumer Care's costs and profit?

Total expenses rose 14.9% from ₹221.70 crore in Q2 FY26 to ₹254.68 crore in Q2 FY27, below the 25.0% increase in total income. Cost of materials fell ₹14.41 crore, or 19.5%, to ₹59.63 crore, while employee cost declined ₹0.24 crore to ₹34.29 crore and finance costs fell ₹0.11 crore to ₹0.32 crore.

Other expenses increased ₹5.39 crore, or 7.0%, to ₹82.68 crore, and depreciation rose ₹0.03 crore to ₹3.86 crore. Other income increased ₹0.74 crore, or 9.4%, to ₹8.60 crore. Tax expense rose ₹7.47 crore, or 81.7%, to ₹16.61 crore, and there was no exceptional item.

Against Q1 FY27, cost of materials increased ₹11.63 crore, or 24.2%, to ₹59.63 crore. Other expenses fell ₹9.34 crore, or 10.1%, to ₹82.68 crore, while employee cost fell ₹1.41 crore to ₹34.29 crore and finance costs fell ₹0.02 crore to ₹0.32 crore. Other income rose ₹0.56 crore to ₹8.60 crore and tax rose ₹0.09 crore to ₹16.61 crore.

How did the first half of FY27 go?

In H1 FY27, consolidated revenue increased 26.8% to ₹674.4 crore from ₹531.96 crore in H1 FY26. Total income rose 26.2% to ₹691.04 crore from ₹547.64 crore, while profit before tax increased 79.0% to ₹174.03 crore from ₹97.21 crore.

Net profit for the first half increased 75.7% to ₹140.9 crore from ₹80.21 crore. Basic EPS rose 84.4% to ₹10.79 from ₹5.85. The H1 results include the impact of the scheme of arrangement with Vishal Personal Care Limited, with financial information restated in the investor presentation.

What do the balance sheet and cash flow show?

At 30 September 2026, total assets were ₹1,068.98 crore against ₹945.13 crore at 31 March 2026, and total equity was ₹897.65 crore against ₹754.98 crore. The company reported no borrowings at either date, while cash fell to ₹17.41 crore from ₹21.71 crore. Inventories were ₹55.15 crore versus ₹66.12 crore, trade receivables ₹96.1 crore versus ₹75.62 crore, and trade payables ₹40.53 crore versus ₹42.45 crore.

H1 FY27 operating cash flow was ₹112.85 crore, compared with ₹79.37 crore in H1 FY26. Investing cash flow was negative ₹105.17 crore against positive ₹98.66 crore, while financing cash flow was negative ₹2.57 crore against negative ₹192.5 crore. Capital expenditure was ₹10.0 crore, compared with ₹27.66 crore a year earlier.

How has Bajaj Consumer Care done over the last 8 quarters?

Revenue rose year on year in each of the last seven quarters, while profit rose year on year in each of the last six quarters. In the quarterly series provided, revenue peaked at ₹341.57 crore in Q1 FY27 before easing to ₹332.83 crore in Q2 FY27, while profit peaked at ₹70.75 crore and eased to ₹70.15 crore.

EBITDA margin increased from 11.2% in Q3 FY25 to 18.0% in Q2 FY26 and 23.4% in Q4 FY26. It reached 24.4% in Q1 FY27 and rose further to 24.7% in Q2 FY27, the highest margin in the series. Revenue bottomed at ₹234.42 crore and profit at ₹25.31 crore in Q3 FY25.

What else did the company announce?

The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026 on 14 October 2026. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors. The same-day investor presentation stated that the financial information had been restated for the Vishal Personal Care arrangement approved by the NCLT on 9 April 2026 and effective from 1 May 2026.

The board appointed Jitendra Ananda Mahajan as an additional non-executive independent director for a first term of five consecutive years from 14 October 2026, subject to shareholder approval. K. S. Narayanan resigned as an independent director with effect from the close of business on 14 October 2026, citing personal medical reasons and professional commitments; he also ceased as chairman of the Stakeholders Relationship Committee and as a member of the Audit Committee. The same-day filings did not announce a dividend or fund raise.

What did Bajaj Consumer Care's management say?

Management maintained its FY27 aspiration for high-teens revenue growth and double-digit growth over the long term. It said the plan for Q3 FY27 included an approximately 5% consumer price increase, split roughly equally between a frontal price increase of 2% to 3% and a similar contribution through ml-age reductions. Management said it would focus on protecting and growing the absolute EBITDA pool rather than chasing percentage margins and did not provide a specific margin target.

Management said Almond Drops Hair Oil delivered double-digit unit volume growth, led by small and medium-sized packs and supported by a new television campaign positioning the brand around hair strength leading to beauty. It said Project Aarohan added over 1 lakh outlets and 1,000-plus distribution points and closed over 600 van routes across eight quarters, while Aarohan 2.0 would expand direct reach by 10% in urban areas and by more than that in rural areas over the next six quarters.

Management identified gross-margin pressure from the West Asia war, edible oil inflation and the cascading effects of both. It also cited rural demand uncertainty tied to monsoon and El Niño outcomes, a tougher comparison base as the GST tailwind fades, execution risk in the pan-India Aarohan 2.0 rollout, and a weak operating environment in Bangladesh. The investor presentation said Bangladesh grew in the teens despite that environment, while most other key international markets grew ahead of the company average.

How did Bajaj Consumer Care shares react?

The filing appeared after market hours. From the price when it appeared, Bajaj Consumer Care rose 0.5% after 5 minutes, then fell 3.8% after 15 minutes and 5.3% after 30 minutes. The stock closed the reaction day 11.2% below its pre-results close and was down 10.1% from that close by the next day's close and 23.7% by the fifth session’s close.

On the reaction day, the Personal Care industry median fell 0.7% and the Nifty Microcap 250 fell 1.6%; Bajaj Consumer Care underperformed the industry median by 10.5 percentage points. By the fifth session, the industry median was down 6.3% and the market index down 8.3%, while the stock underperformed the industry by 17.3 percentage points. Earlier reaction-day moves were negative on six of the eight listed dates, including 1.2% on 13 July 2026 and 5.2% on 10 November 2025.