is it good to invest in bajaj consumer care?
Answer
Answer
Answer
The stock has corrected sharply and is currently quoting at close its full year low levels. The company has faced some pressure from its urban and rural markets due to the general slowdown in consumption. That explains why the profits of the company are down nearly 16.7% on QOQ basis. Also the net sales are at the lowest levels in the last few years and that is largely due to compression of volumes and pricing challenges. However, the OPM margins of the company are comfortable at 29% and the NPM at 23%. You must be a little cautious about seeing this stock as a proxy for consumption rebound since stocks like Britannia or even Dabur may be better bets.