Fast moving consumer goods firm Bajaj Corp 's
fourth quarter net profit rose 26% year-on-year to Rs 34.05 crore, helped by
strong sales growth.
Net sales of the company, which makes hair oils like Bajaj
Almond Drop, Brahmi Amla and Kailash Parbat, were up 33.5% from a year ago to
Rs 146.59 crore in the Jan-March quarter.
Bajaj Corp's total expenses surged 43% from a year ago to Rs
113.9 crore in the fourth quarter as raw material expenses rose 44% to Rs 62.68
crore. The company's advertising expenses also more than doubled to Rs 13.34
crore in the three-month period.
For the full year (2011-12), Bajaj Corp's net profit rose
43% from a year ago to Rs 120.1 crore. Revenue for the last fiscal year was up
32% to Rs 472.24 crore.
Bajaj Corp had exceptional loss of around Rs 19 crore in the
year ago (2010-11).
The company raised around Rs 300 crore via an initial public
offering of shares in 2010.
Bajaj Corp shares were up 0.8% at Rs 125.50 on NSE in late
trading on Tuesday.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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