Bajaj Consumer Care (BAJAJCON) Q3 25/26 earnings summary

Executive summary

• Consolidated Q3 FY26 revenue reached INR 306.1 Cr, up 32.7% year-over-year, with standalone revenue at INR 286.7 Cr, up 27.1% year-over-year; gross margin improved to 60.0% and PAT rose 83.2% year-over-year.

• Standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2025, were reviewed and approved by the Board on January 21, 2026.

• Statutory auditors issued unmodified (clean) review reports for both standalone and consolidated results.

• Volume-led growth observed in both urban and rural segments, with urban channels and organized trade (modern trade, e-commerce) showing strong double-digit growth.

• International business remained weak, declining mid-single digits year-over-year, but Nepal and Bangladesh showed sequential improvement.

Financial highlights

• Standalone EBITDA for Q3 FY26 was INR 58.4 Cr, up 99.1% year-over-year, with margin at 20.4%; consolidated EBITDA was INR 56.9 Cr, up 109.5%, with margin at 18.6%.

• Standalone revenue from operations for Q3 FY26 was ₹28,687 lakh, up from ₹22,928 lakh in Q3 FY25; consolidated revenue was ₹30,609 lakh, up from ₹23,442 lakh.

• Standalone net profit for Q3 FY26 was ₹4,760 lakh, up from ₹2,752 lakh in Q3 FY25; consolidated net profit was ₹4,637 lakh, up from ₹2,706 lakh.

• General trade channel recovered strongly, and modern trade/e-commerce continued robust growth.

• Almond Drops Hair Oil (ADHO) delivered strong double-digit volume and value growth; A&SP spend increased 37% year-over-year.

Outlook and guidance

• Management aspires to sustain higher growth rates than in the past, with gradual margin improvement expected.

• Distribution expansion to continue, targeting 10% annual increase in direct coverage for the next 4-5 years.

• Focus remains on core brands (ADHO and coconut oil), with innovation and portfolio optimization planned over the next 2-3 quarters.

• Easing inflation, supportive policy, and strong agricultural outlook are expected to drive further consumption growth.

• Rural demand, previously sluggish, is showing signs of recovery and is expected to improve sequentially.