Bajaj Corp Ltd, FMCG maker on Thursday for the fourth quarter ended March has reported a decrease of 2.93% in standalone net profit at Rs 52.66 crore. While the company in Mondays’ opening trade slipped in red and was down by 6.4% on the BSE at Rs 401 per share down by Rs 27 per share.
The company in the January-March quarter of 2015-16 had posted a standalone net profit of Rs 54.25 crore, Bajaj Corp Ltd said in a BSE filing.
The stock on the NSE has delivered just over 1% returns in a period of one year and has underperformed the BSE Mid cap and BSE FMCG indices over the same time span.
Bajaj Corp Limited is an India-based holding company. The company is engaged in the business activity of trading and manufacturing of cosmetics, toiletries and other personal care products.