Shares of Bajaj Consumer Care Ltd have declined as much as 14% so far this calendar year, thanks to slowdown worries. If investors hoped to find some relief in its June quarter results, they would be disappointed. For one, volume growth in the almond drops hair oil (ADHO) category increased by only 5.2% year-on-year for the June quarter. For perspective, the measure had increased by 7.4% and 9.4% in the March quarter and December quarter, respectively. At the current market price, the Bajaj Consumer stock trades at 19 times estimated earnings for financial year 2020, which is much lower than other consumer goods stocks.

Source: Mint July 17, 2019 07:07 UTC