BAJA CORP

A desi FMCG company, it’s brand equity is pretty strong with products like Bajaj Almond Drops, Bajaj Brahmi Amla, Bajaj Amla Sheekakai, and Bajaj Kailash Parbat that have been in the market for eight decades and it is part of one of the oldest business houses of the country. A part of the Shishir Bajaj Group of companies, a debt free company, it posted not-so-very-good set of numbers for Q3FY17.

On the face of it, the 17% (YoY) rise in net profit at Rs.58 crore looks good, which was despite the demonetization effect. But this was on the net sales, which was down 5% at Rs.186 crore. So what came to the rescue was the 2% drop in expenses, a 75% jump in other income at Rs.14 crore. Also in previosu year’s Q3, the company had an exceptional income of Rs.12 crore, which makes the current Q3, without the aid of such an income, look all the poorer.