Bajaj Consumer Care Ltd

Resignation of SMP: Head Supply Chain

• Rajesh Menon resigns as Head Supply Chain, Operations & IT (SMP).
• Resignation effective August 21, 2026 (closing business hours); accepted by the Company.
• Reason: to pursue opportunities outside the organization.
• Brief profile: Not applicable.

AGM details

• Date and time: 5 August 2026 at 10:30 AM; physical meeting with remote e-voting.
• Voting rights cut-off date: 29 July 2026.

Key resolutions

• Ordinary: Adopt standalone and consolidated financial statements; passed.
• Ordinary: Re-appointment of director retiring by rotation; passed.
• Special: Continuation of remuneration to non-executive director; passed.

Voting results

• Resolution 1: assent 99.9998%, dissent 0.0002; passed.
• Resolution 2: assent 89.8752%, dissent 10.1248; passed.
• Resolution 3: assent 89.3271%, dissent 10.6729; passed.

Dividend

• Dividend not proposed or declared.

Director changes

• Director re-appointment approved; retires by rotation.

Auditors / accounting

• Auditors continued; no change in appointment.

Material related party transactions

• No material related party transactions approved.

Other material approvals

• Remuneration continuation for a non-executive director approved.

AGM details

• AGM held in-person with remote e-voting option.
• Venue located in Rajasthan; attendance by members and proxies.

Key resolutions

• Adoption of standalone and consolidated financial statements for the year.
• Reappointment of director by rotation.
• Continuation of remuneration to a non-executive director for one year.

Voting results

• All resolutions passed with requisite majority.

Directors

• Reappointment of director by rotation approved.
• Remuneration continuation for a non-executive director approved.

Auditors

• Statutory auditors remained unchanged.

Other material approvals

• No material related party transactions disclosed.

Financial Performance

• Revenue for Q1 FY27: INR 341 crores, up 28% year-on-year.
• Gross margin 61.8% in Q1, down from 63% last quarter; 510 bps vs FY26 Q1.
• EBITDA: INR 84.4 crores; EBITDA margin 24.7%.
• PAT: INR 70.7 crores; margin 20.7%.
• Advertising spend 14.6% of revenue; 600 bps savings vs FY26 Q1.

Volume and Mix

• ADHO volume growth in Q1: low-teens; prior quarters: mid-single-digits.
• Non-ADHO ~15% of sales; coconut dominates growth portfolio; Banjara's prioritized.
• Almond Drop Hair Oil remains strong; MLH-adjusted volume growth in low-teens; small packs drive growth.
• Growth portfolio up high-single to low-teens sequentially; coconut pricing corrections noted.
• Banjara's revamp underway; pilots for disruptive growth; growth pillar status.

Margins and Costs

• Q2 gross margins expected to be under more stress than Q1.
• Pricing actions not planned; focus on cost control and operating leverage.
• No significant one-offs in this quarter.

Aarohan and Distribution

• Aarohan rollout in four large states; one-time delta of 200-300 bps.
• Aarohan aims at long-term distribution expansion and direct outlets.
• INR 500 crores growth portfolio: no disclosure; updates annually.

Advertising and Brand Investment

• Advertising spend around 15-16% of revenue; spending prioritized.
• Banjara's contribution to revenue is around 5% in this quarter.

Growth Portfolio and M&A Outlook

• Long-term aspiration: growth portfolio in high-20s; near-term guidance not provided.
• No updates on acquisitions; will disclose if any.

Earnings call recording and transcript

• Audio recording of the Q1 FY27 earnings call (quarter ended June 30, 2026) is on the company site.
• Transcript of the call will be submitted to stock exchanges and published on the website concurrently.
• Call relates to unaudited Q1 FY27 results (quarter ended June 30, 2026).
• Date of call: July 13, 2026.

Business Overview

• Core business: consumer-care FMCG with Adho brand and coconut portfolio.
• VPCL scheme approved by NCLT; effective May 1, 2026; financials restated.

Operational Highlights

• Domestic business delivered strong momentum in Q1 FY27.
• LUPs (sachets/price packs) grew faster than brand average.
• Banjara’s integration completed financially and in team.
• Coconut pricing corrected early quarter; trade response turned positive.
• Aarohan Phase 3 underway for DL, HR, RJ, CG; MH and WB rollout.
• IB recovered across MEA, GCC, Africa, RoW after disruptions.
• Nepal and Bangladesh posted sustained double-digit topline growth; EBITDA improving.
• Strategic focus on profitable scaling of International Business.

Financial Performance

• Consolidated net sales ₹341.4 Cr; total operating income ₹341.5 Cr.
• EBITDA ₹84.4 Cr; PAT ₹70.7 Cr.
• Gross margin 61.8%; EBITDA margin 24.7%; PAT margin 20.7%.
• YoY growth: topline +28.3%; EBITDA +39.7%; PAT +101.2%.
• IB contribution: double-digit EBITDA; improving profitability.

Governance & Leadership

• NCLT-approved VPCL Scheme of Arrangement; effective 1 May 2026.
• Financials restated to reflect VPCL integration.

Strategic Priorities & Outlook

• Focus on profitable scaling of International Business and Nepal/Bangladesh markets.
• Aarohan Phase 3 progress to drive efficiency and integration.
• Portfolio growth supported by international expansion and category diversification.

Risks & Mitigation

• West Asia crisis disruptions impacted IB; mitigated via leadership/distribution reset.
• Raw material price volatility; LLP rose ~40% in Q1 FY27, with corrections expected.
• Copra prices corrected; RMO stable; further corrections anticipated July.

Standalone financials

• Standalone revenue from operations: 33,511.25 lakh.
• Standalone total income: 34,312.23 lakh.
• Standalone PBT: 8,670.23 lakh.
• Standalone PAT: 7,015.94 lakh.
• Standalone EPS (basic/diluted): 5.37.

Consolidated financials

• Consolidated revenue from operations: 34,156.78 lakh.
• Consolidated total income: 34,960.46 lakh.
• Consolidated PAT: 7,074.51 lakh.
• Consolidated EPS (basic/diluted): 5.42.

Restatement & approvals

• Scheme of Arrangement with Vishal Personal Care restated results; appointed date 15 Mar 2025, effective 1 May 2026.
• Statutory auditors issued unmodified review reports on results.
• Consolidated includes one subsidiary with June 30, 2026 revenue 0.24 lakh and loss 6.07 lakh.

Board actions & appointments

• Mr. Jignesh Nagda appointed Company Secretary, Compliance Officer and KMP, effective July 24, 2026.
• Nagda authorized to determine materiality and file disclosures with exchanges.