Bajaj Consumer Care LimitedQ2 FY27 Results & Financial Update
Bajaj Consumer Care Limited: Q2 FY27 consolidated results and company financials – revenue ₹332.83 Cr, PAT ₹70.15 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Bajaj Consumer Care Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
For the quarter ended September 30, 2026 (Q2 FY27), Bajaj Consumer Care reported revenue from operations of INR 332.83 crore, compared to INR 341.57 crore in the previous quarter (Q1 FY27). Total income stood at INR 341.44 crore against INR 349.60 crore sequentially.
Profit before tax (PBT) for Q2 FY27 was recorded at INR 86.76 crore, showing a stable performance compared to INR 87.27 crore in Q1 FY27. Tax expenses for the quarter stood at INR 16.61 crore.
Net profit after tax (PAT) for the current quarter registered at INR 70.15 crore, compared to INR 70.75 crore in the preceding quarter. Basic and diluted earnings per share (EPS) for Q2 FY27 came in at INR 5.37.
According to the company's investor presentation, the domestic business sustained robust momentum with year-on-year revenue growth exceeding 30% in Q2 FY27 and H1 FY27, backed by double-digit unit volume growth across portfolios.
The flagship Bajaj Almond Drops Hair Oil (ADHO) continued its strong run, supported by outperformance from Price Point Packs and the launch of a new integrated marketing campaign toward the end of the quarter focusing on a strength-to-beauty positioning.
The growth portfolio continued to scale and improve profitability, with the coconut hair oil portfolio acting as a primary growth engine. Deflation in coconut prices allowed volume growth to significantly outpace revenue growth in that segment.
Channel performance highlights indicated that General Trade delivered mid-twenties year-on-year growth in Q2, with rural demand edging slightly ahead of urban markets. Organized Trade and e-commerce, led by quick commerce, continued to record strong double-digit increases.
01 · Business model
What does Bajaj Consumer Care do?
Bajaj Consumer Care Limited operates in the Fast Moving Consumer Goods sector, focusing on hair oils and personal care products. Its flagship brand, Bajaj Almond Drops Hair Oil (ADHO), occupies a leading position in the light hair oil category in India.
The company's product portfolio spans across hair care, skin care, and color cosmetics. Key brands include Bajaj Almond Drops, coconut-based hair oils, Amla-based variants, Bajaj Naturals, and Banjara's personal care range.
Distribution is carried out through a vast network covering General Trade, Organized Trade including Modern Trade and e-commerce platforms, quick commerce channels, and international markets spanning regions such as Nepal, Bangladesh, the Middle East, and Africa.
Financial information reflects the Scheme of Arrangement between the company and Vishal Personal Care Limited (VPCL), approved by the Hon'ble NCLT on April 9, 2026, effective from May 1, 2026, with an appointed date of March 15, 2025.
02 · Historical context
What shaped the business before this quarter
Financial information for Q2 FY27 and comparable periods has been restated to reflect the Scheme of Arrangement between the company and Vishal Personal Care Limited (VPCL), approved by NCLT on April 9, 2026, and effective from May 1, 2026.
The company executed Project Aarohan across multiple phases starting in H2 FY25 through H1 FY27 to expand retail reach, adding over 1 lakh outlets and appointing over 1,100 distribution partners across states including Uttar Pradesh, Madhya Pradesh, Delhi, Bihar, and Gujarat.
03 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹332.83 Cr | ₹341.57 Cr |
| Total income | ₹341.44 Cr | ₹349.60 Cr |
| Profit before tax | ₹86.76 Cr | ₹87.27 Cr |
| Profit after tax | ₹70.15 Cr | ₹70.75 Cr |
| EPS | ₹5.37 | ₹5.42 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 21.1% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 26.1% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹8.60 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
The domestic business and flagship Bajaj Almond Drops Hair Oil (ADHO) delivered over 30% revenue growth supported by double-digit unit volume growth.
Smaller consumer price point packs continued to outperform the broader portfolio, serving as a key volume growth engine.
What drove margins
Gross margin stood at 59.9% of sales in Q2 FY27, compared to 59.7% in Q2 FY26. Key raw materials such as Light Liquid Paraffin (LLP) and Refined Mustard Oil (RMO) remained elevated due to West Asia conflicts and supply chain pressures, while copra prices rose in anticipation of El Niño effects.
Advertisement and sales promotion expenses accounted for INR 41.7 crore in Q2 FY27 (12.5% of sales), compared to INR 38.9 crore in Q2 FY26 (14.9% of sales), reflecting optimized marketing spend.
Employee costs stood at INR 34.3 crore (10.3% of sales) in Q2 FY27, flat compared to INR 34.2 crore in Q2 FY26. Other operating expenses were contained at INR 40.0 crore (12.0% of sales).
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Maintained market leadership in light hair oils while expanding non-sticky Amla and Sarson Amla oil variants under the revamp strategy.
Scaled nourishing body lotions, Bajaj Naturals variants (Olive & Aloe, Rose Mary), Banjara's color shampoo, and lip balm products through test markets and modern trade channels.
Geography and market mix
Rural markets edged slightly ahead of urban areas during Q2 FY27, with both channels delivering robust and closely matched growth reflecting broad-based demand.
International business sustained strong growth momentum, outperforming the company average. Nepal, GCC & Africa delivered strong performance, while Bangladesh maintained teen growth despite a challenging operating environment.
06 · Strategy & new businesses
How the company is trying to change its growth mix
The company transitioned Project Aarohan from a one-time GTM restructuring project into an annual growth engine targeting annual additions of ~60,000 outlets and ~1,000 distribution partners across all states starting H2 FY27.
Continued the revamp of existing brands and piloted new product launches across mass market General Trade and premium Organized Trade channels.
07 · Reported developments
What changed operationally
Consolidated EBITDA for Q2 FY27 reached INR 83.3 crore (25.0% of sales), up 71.0% YoY from INR 48.7 crore in Q2 FY26, driven by higher contribution margins and optimized operating expenses.
The company marked its 8th consecutive year as a GPTW Certified workplace in 2026, ranking 2nd among India's Best Workplaces in FMCG and #63 among India's Top 100 Mid-size Workplaces with a Trust Index score of 89.
08 · Pressure points & risks
What is not going smoothly
Management noted that input costs for Light Liquid Paraffin (LLP) and Refined Mustard Oil (RMO) remain elevated due to ongoing West Asia conflicts and higher global freight expenses, while copra prices saw upward pressure.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
New Integrated TVC Campaign
Launched a new integrated television commercial campaign toward the end of Q2 FY27 featuring a revised brand positioning linking hair strength to beauty for Bajaj Almond Drops Hair Oil.
10 · Previous-quarter changes
What changed since the previous quarter
Revenue from operations moved from INR 341.57 crore in Q1 FY27 to INR 332.83 crore in Q2 FY27, while net profit remained stable at INR 70.15 crore compared to INR 70.75 crore in the preceding quarter.
11 · Key Q&A
The quarter, answered directly
What does Bajaj Consumer Care do?
Bajaj Consumer Care Limited operates in the Fast Moving Consumer Goods sector, focusing on hair oils and personal care products. Its flagship brand, Bajaj Almond Drops Hair Oil (ADHO), occupies a leading position in the light hair oil category in India.
What is the clearest takeaway from Q2 FY27?
For the quarter ended September 30, 2026 (Q2 FY27), Bajaj Consumer Care reported revenue from operations of INR 332.83 crore, compared to INR 341.57 crore in the previous quarter (Q1 FY27). Total income stood at INR 341.44 crore against INR 349.60 crore sequentially.
What drove revenue or demand?
The domestic business and flagship Bajaj Almond Drops Hair Oil (ADHO) delivered over 30% revenue growth supported by double-digit unit volume growth.
What mattered most for margins or profitability?
Gross margin stood at 59.9% of sales in Q2 FY27, compared to 59.7% in Q2 FY26. Key raw materials such as Light Liquid Paraffin (LLP) and Refined Mustard Oil (RMO) remained elevated due to West Asia conflicts and supply chain pressures, while copra prices rose in anticipation of El Niño effects.
What changed operationally beyond the headline numbers?
The company transitioned Project Aarohan from a one-time GTM restructuring project into an annual growth engine targeting annual additions of ~60,000 outlets and ~1,000 distribution partners across all states starting H2 FY27.
What are the main pressure points disclosed for the quarter?
Management noted that input costs for Light Liquid Paraffin (LLP) and Refined Mustard Oil (RMO) remain elevated due to ongoing West Asia conflicts and higher global freight expenses, while copra prices saw upward pressure.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Aarohan 2.0 Execution: Monitor the execution of Phase 3 completion in H2 FY27 and subsequent productivity lifts across distribution networks.
- 02
Raw Material Price Trends: Track commodity price movements for key inputs including LLP, RMO, and copra to assess gross margin sustainability.
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