Bajaj Consumer Care Ltd, a fast-moving consumer goods (FMCG) company, has reported a 12 per cent decline in consolidated net profit to INR 35.58 crore for the fourth quarter ended March 2024. According to a regulatory filing by the company, this figure is down from the consolidated net profit of INR 40.46 crore posted in the same quarter of the previous fiscal year.
During the quarter in review, its consolidated total revenue from operations amounted to INR 239.96 crore, compared to INR 249.42 crore in the corresponding period of the previous year.
In the fourth quarter, the company’s total expenses decreased to INR 208.08 crore from INR 210.33 crore recorded a year ago.
The company reported a higher consolidated net profit of INR 155.43 crore for the fiscal year ended March 2024, compared to INR 139.22 crore in FY23.
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In FY24, the consolidated total revenue from operations amounted to INR 984.12 crore, up from INR 960.87 crore in the preceding fiscal, according to the statement.
At its meeting held on Wednesday, Bajaj Consumer Care announced that its board of directors had considered and approved a proposal for the buyback of 57.41 lakh equity shares with a face value of INR 1 each, representing 4.02 per cent of the total number of paid-up equity shares of the company.
According to the filing, the buyback price has been set at INR 290 per equity share, with an aggregate amount not exceeding INR 166.49 crore.
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