India's Bajaj Consumer Care hits 9-mth low as profit disappoints

Bajaj Consumer Care

02/11/2021 07:17

** Shares of consumer goods co  BACO.NS  fall as much 6.93%
to 219 rupees, lowest since Feb and set for worst day in ~6 mths
    ** Co on Monday reported a fall in Sept-qtr profit to 472.5
mln rupees ($6.32 mln) from 572.5 mln rupees a year
earlier urn:newsml:reuters.com:*:nFWN2RS1AY
    ** Analysts on average expected profit to be 514.3 mln
rupees - Refinitiv IBES
    ** Co's quarterly total rev also down marginally to 2.15 bln
rupees vs 2.25 bln rupees a year earlier
    ** About 1.6 mln shares traded by 0702 GMT, 2.7x 30-day avg 
    ** BACO up 9.8% so far this year, as of last close
    
($1 = 74.7480 Indian rupees)

 (Reporting by Vishwadha Chander in Bengaluru)
 ((Vishwadha.Chander@thomsonreuters.com))