Bajaj Consumer Care (BAJAJCON) Q1 25/26 earnings summary

Executive summary

• Standalone sales reached INR 244.5 crores, up 3.2% YoY; consolidated sales at INR 259.5 crores, up 7.4% YoY; gross margin improved to 56.6% (standalone), up 140 bps YoY; EBITDA (standalone) grew 11.6% YoY to INR 42.8 crores; consolidated PAT at INR 37.9 crores (14.6% margin).

• Urban segment, Almond Drops Hair Oil (ADHO), and coconut oil led growth; Project Aarohan expanded, adding 25,000+ new outlets.

• Organized trade grew double digits YoY, now 29% of sales; modern trade and e-commerce grew in the 20% range.

• Board approved unaudited standalone and consolidated financial results for Q1 FY26, subject to limited review by statutory auditors.

• Buyback of up to 6,434,482 equity shares at INR 290 per share, totaling INR 18,660 lakhs, approved and pending shareholder approval.

Financial highlights

• Standalone total operating income at INR 251.7 crores, up 4.4% YoY; consolidated at INR 266.7 crores, up 8.4% YoY.

• Standalone EBITDA margin at 17.5% (up from 16.2% YoY); consolidated EBITDA margin at 15.9% (up from 15.6% YoY).

• Standalone PAT at INR 39 crores (16% margin); consolidated PAT at INR 37.9 crores (14.6% margin).

• Standalone Q1 FY26 revenue from operations: INR 25,169.42 lakhs, up from INR 24,117.84 lakhs in Q1 FY25; consolidated Q1 FY26 revenue: INR 26,669.39 lakhs, up from INR 24,593.52 lakhs in Q1 FY25.

• Basic and diluted EPS (consolidated) for Q1 FY26: INR 2.77, up from INR 2.23 in Q4 FY25.

Outlook and guidance

• Focus on reviving double-digit growth, especially for ADHO, and on product overhaul and margin rationalization.

• Continued expansion and optimization of distribution via Project Aarohan.

• Emphasis on sustainable diversification and scaling organized sales, especially in the South and natural segments.

• Margin improvement initiatives expected to yield further benefits in coming quarters.

• Buyback and acquisition expected to enhance shareholder value and strengthen the company's position in personal care.