Bajaj Consumer Care (BAJAJCON) Q2 25/26 earnings summary

Executive summary

• Q2 FY26 saw strong revenue and margin growth, with consolidated topline up 13.3% YoY and standalone up 7.2% YoY; gross margin reached 59.3% standalone and 59.6% consolidated.

• EBITDA margin expanded to 20.5% standalone and 18.6% consolidated, with PAT margins at 17.8% standalone and 16.2% consolidated.

• Profit after tax rose 32.8% YoY consolidated and 29.7% YoY standalone.

• Unaudited financial results for Q2 and H1 FY26 were reviewed and approved, with an unmodified limited review report.

Financial highlights

• Standalone sales grew to INR 241.6 crore (+7.2% YoY); consolidated sales rose to INR 261.4 crore (+13.3% YoY).

• Standalone EBITDA was INR 49.6 crore (+42.3% YoY); consolidated EBITDA was INR 48.7 crore (+44.9% YoY).

• Standalone PAT was INR 43.0 crore (+29.7% YoY); consolidated PAT was INR 42.3 crore (+32.8% YoY).

• H1 FY26 consolidated net sales were INR 520.9 crore (+10.3% YoY); PAT was INR 80.2 crore (+16.3% YoY).

• Standalone EPS for Q2 FY26 was ₹3.14; consolidated EPS was ₹3.09.

Outlook and guidance

• Focus remains on reviving double-digit revenue growth, especially through core brand Almond Drops and distribution expansion under Project Aarohan.

• Management aspires for 10%+ revenue CAGR over the next 3-5 years, with margin expansion expected to stabilize in the near term.

• GST rate cuts and rural transformation initiatives are expected to boost future growth.

• Financial results are not directly comparable to previous periods due to the acquisition of the remaining 51% stake in Vishal Personal Care Limited.