Gold Silver Reports (GSR) – Bajaj Corp Shares Rise After March Quarter Earnings – Shares of the Mumbai-based hair care products maker rose 1.8 percent to Rs 470 after it reported March quarter earnings post market hours yesterday.
Key earnings highlights:
✅ Net profit at Rs 211.08 crore versus Rs 218.24 crore
✅ Revenue at Rs 809.11 crore versus 794.84 crore
Bajaj Corp On Q4
✅ Gross margins can reduce by 50-100 basis points because of rising crude prices
✅ For smaller SKUs grammage reduction was done
✅ For higher SKUs prices were hiked
✅ On average prices were hiked by 3-4 percent
✅ Q1 to see the actual impact of rising crude prices
✅ Prices were hiked to limit the impact of rising crude prices
✅ Because of rising crude prices there was pressure on margins
✅ Volume growth for Bajaj Almond Drop was more than 7 percent
✅ Volume growth was 5.86 percent in Q4
NESCO, Birla Corp Shares Move On Heavy Volumes
✅ NESCO: The Mumbai-based maker of engineering products for railways rose 5 percent to Rs 585. Trading volume was 12.3 times its 20-day average.
✅ Birla Corp: The Kolkata-based cement maker rose 0.58 percent to Rs 741. Trading volume was 9.6 times its 20-day average.
✅ Gujarat Pipavav: The Mumbai-based shipping port operator rose 4.75 percent to Rs 147.90. Trading volume was 9.1 times its 20-day average.
✅ Alembic Pharma: The Vadodara-based drug maker fell 0.6 percent to Rs 517. Trading volume was 7.2 times its 20-day average.
