FMCG company Bajaj Consumer Care Ltd saw net profit drop 14% to Rs 33 billion ($4 million) in the third quarter ending December 2022, compared with Rs 38 billion reported in in the same period last year.
The company’s revenue for the quarter rose 1% to Rs 227 million, compared with Rs 226 crore reported for the corresponding period of the previous financial year.
“The company’s modern commerce grew 41% year-over-year (YoY) in the October-December quarter while e-commerce recorded 84% growth,” Bajaj Consumer said in a statement. quarterly update.
“International business saw 37% growth in the third quarter of fiscal 2023 compared to the same period last year on a consolidated basis. Middle East and Africa perform well thanks to the introduction of new channel partners while the company sees strong growth in Rest of the World, led by opening of geographies new and introduce new products,” it added.
Bajaj Consumer Care is part of the Bajaj Group and is one of the leading companies in the hair and beauty care industry in India.
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