Bajaj Consumer’s Rs 166 cr-buyback: Last day to buy shares today

Bajaj Consumer Care has fixed July 2 as the record date for its Rs 166.49 crore share buyback, which effectively means that the last date to buy the shares in order to qualify for buyback is today. The buyback will take place at a premium of 10% from the closing price of Friday at Rs 263.75 through a tender route.

The buyback represents 19.25% and 20% of the aggregate of the company’s paid up capital and free reserves respectively, as per the latest audited financial statements for the financial year ended March 2024.
Earlier in the month of June, Bajaj Consumer had announced its intention to buyback its shares from the public. The offer was proposed for a buyback of up to 157.41 lakh equity shares of the company at the price of Rs 290, aggregating to an amount up to Rs 166.49 crore.


As of March 2024, 39.30% equity of the company rested in the hands of the promoters and the promoter group while 60.78% was distributed among the public shareholders.

The company had reported a consolidated net profit of Rs 35.58 crore for the March-ended quarter, down by 12% over Rs 40.46 crore reported in the year-ago period. However, for the full financial year, the profit after tax (PAT) was reported 11% higher at Rs 155.43 crore over Rs 139.21 crore reported in the year-ago period.

Additionally, the total revenue from operations of the company stood at Rs 240 crore versus Rs 239 crore reported in Q3FY24 and Rs 249 crore in Q4FY23, which was flat on a quarter-on-quarter basis while down by 4% on the YoY basis.

The shares of Bajaj Consumer were trading 2.6% higher at Rs 270.60, ahead of the buyback, on BSE around 1 pm today.

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