India's Bajaj Consumer rises as rural demand drives Q2 profit

Bajaj Consumer Care

19/10/2020 06:36

** Shares of cosmetics, toiletries and personal care
products maker  BACO.NS  rise as much as 5.40% to 194.05 rupees
    ** On Friday, reported ~ 2% rise in Q2 profit, while revenue
rose 3.2%, helped by rural and international sales  urn:newsml:reuters.com:*:nFWN2H70KG 
    ** Says e-commerce business has been consistently doing
well, growing 4x in Q2 vs year earlier, though on a small base
    ** Signals healthy market shares on BigBasket, Flipkart and
Grofers websites
    ** About 1.4 mln shares change hands in morning trade, 2x
30-day avg
    ** Twelve out of 16 analysts tracking the stock rate it at
"buy" or "strong buy"; 3 "sell" or "strong sell"; 1 "hold"
    ** Shares down 22% so far this year as of last close

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))