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Sell Bajaj Electricals Ltd For Target Rs.820 by Yes Securities Ltd Result Synopsis Consumer products (CP) business registered flattish revenue growth of 1.2% on single-digit de-growth in fans and flattish growth in Appliances, while Morphy Richards premium small domestic appliances demonstrated double-digit growth. Margins were subdued on back of reversal in warranty provision of Rs210mn coupled with operating de-leverage and higher brand investments. The company has been aggressively launching new products large part of it at the premium end. On the ligh...
Sell Bajaj Electricals Ltd For Target Rs.820 by Yes Securities Ltd
Sell Bajaj Electricals Ltd For Target Rs.820 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-13 03:01:00 pm
Buy Bajaj Electricals Ltd For Target Rs. 1,080 By JM Financial Services Muted performance; looking up for market share gain. In Q2FY25; Bajaj Electricals (BJE) reported Rev at INR 11.2bn, flat YoY and down 3% QoQ and was in-line JMFe. ECD was at INR 8.7bn, flat YoY and down 4% QoQ. Lighting was at INR 2.5bn down 2% YoY and flat QoQ. All the above resulted in Total consumer durable 5- Year CAGR at 6%. (Havell's lighting + ECD 5-year CAGR at 11% and Orient's 5-year rev CAGR at 9%). GM was at 31.2%, up 121bps YoY and down 72bps QoQ. EBIDTA was at margins ...
Buy Bajaj Electricals Ltd For Target Rs. 1,080 By JM Financial Services
Buy Bajaj Electricals Ltd For Target Rs. 1,080 By JM Financial Services
Source: JM Financial Services Ltd
2024-11-09 12:06:03 pm
India`s Bajaj Electricals posts Q2 profit fall on weak demand India's Bajaj Electricals posted a 59% fall in second-quarter profit on Thursday, as monsoon temperatures reduced demand for cooling products. The company, which makes products ranging from kitchen appliances to LED lights, said its consolidated net profit fell to 129 million rupees ($1.53 million) for the quarter ended Sept. 30, compared to 316.8 million rupees a year ago. Total revenue from operations grew 0.5% to 11.15 billion rupees. KEY CONTEXT Demand for cooling products...
India`s Bajaj Electricals posts Q2 profit fall on weak demand
India`s Bajaj Electricals posts Q2 profit fall on weak demand
Source: Reuters
2024-11-07 02:06:37 pm
Add Bajaj Electricals Ltd For Target Rs.1,062 By Yes Securities Result Synopsis Consumer products (CP) business registered muted revenue growth of 3.7% on soft demand for kitchen appliances. Summer products (Fans, air coolers) and Morphy Richards premium small domestic appliances demonstrated better growth. Margins were subdued on back of operating de-leverage and higher brand investments. The company has been aggressively launching new products large part of it at the premium end. On the lighting front growth in professional lighting was marginally of...
Add Bajaj Electricals Ltd For Target Rs.1,062 By Yes Securities
Add Bajaj Electricals Ltd For Target Rs.1,062 By Yes Securities
Source: Yes Securities Ltd
2024-08-22 01:55:44 pm
India's Bajaj Electricals Q1 profit misses view on sluggish appliances demand India's Bajaj Electricals posted a smaller-than-expected first-quarter profit on Tuesday, hurt by dampened demand for kitchen appliances and price erosion in key lighting segment. Its consolidated net profit fell 25% to 281.1 million rupees ($3.4 million) for the quarter ended June 30, missing consensus analysts expectation of 323 million rupees, as per LSEG data. Net sales grew 4% to 11.52 billion rupees, falling slightly short of analysts estimate of 12 billion rupees. However,...
India's Bajaj Electricals Q1 profit misses view on sluggish appliances demand
India's Bajaj Electricals Q1 profit misses view on sluggish appliances demand
Source: Reuters
2024-08-06 04:51:04 pm
Buy Bajaj Electricals Ltd For Target Rs. 1,360 By JM Financial Services Sustained weakness; Greenshoots visible Bajaj Electricals’ (BEL) 4QFY24 performance was below our/consensus expectations, on account of a) weaker than expected demand scenario, particularly in rural segment (BEL has higher mix vs peers), b) higher extent of channel discount/schemes by industry (c500-600bps impact on sales/margins) in kitchen appliances, matched by BEL. As a result, Consumer Product (CP) segment revenue declined 7% YoY (-4% QoQ, 11% below JMFe), though Fans (c. 40% of...
Buy Bajaj Electricals Ltd For Target Rs. 1,360 By JM Financial Services
Buy Bajaj Electricals Ltd For Target Rs. 1,360 By JM Financial Services
Source: JM Financial Services
2024-07-02 12:11:45 pm
NEUTRAL Bajaj Electricals Ltd. For Target Rs.1,009 - Yes Securities Heavy discounting in kitchen Appliances impacts performance; maintain Neutral Result Synopsis Consumer products (CP) business registered revenue decline of 8% as kitchen appliances and GT (contributing 62% to revenue) has seen de-growth on muted demand and high discounting. Fans and Morphy Richards have seen single digit growth with premium fans growing faster than the economy fans. Margins were impacted on account of lower gross margins which was marred by high discounting in the mute...
NEUTRAL Bajaj Electricals Ltd. For Target Rs.1,009 - Yes Securities
NEUTRAL Bajaj Electricals Ltd. For Target Rs.1,009 - Yes Securities
Source: Yes Securities Ltd.
2024-06-27 04:13:11 pm
India`s Bajaj Electricals misses Q4 profit view on sluggish demand Consumer appliances maker Bajaj Electricals reported a fourth straight quarter of profit decline on Tuesday, missing estimates due to sluggish demand for its lights, water heaters and kitchen appliances. The Mumbai-based company said consolidated net profit fell to 293.1 million rupees ($3.5 million) for the three months ended March 31, from 518.5 million rupees a year earlier. Analysts, on average, had expected a profit of 573.2 million rupees, as per LSEG data. Revenue from its lig...
India`s Bajaj Electricals misses Q4 profit view on sluggish demand
India`s Bajaj Electricals misses Q4 profit view on sluggish demand
Source: Reuters
2024-05-14 06:26:33 pm
Buy Bajaj Electricals Ltd. For Target Rs.1,390 By JM Financial Services Macro continues to take a toll Bajaj Electricals’ (BEL) posted another weak set of earnings in 3QFY24 as revenue declined 6% YoY on account of a) a weak demand scenario, particularly in the rural segment (BEL has higher exposure than peers in rural region, in our opinion), and b) high base (fans grew 64% YoY in 3QFY23 on inventory liquidation prior to BEE transition; provisioning of INR 500mn towards RBP points). Core categories saw 150bps improvement in underlying gross margin (than...
Buy Bajaj Electricals Ltd. For Target Rs.1,390 By JM Financial Services
Buy Bajaj Electricals Ltd. For Target Rs.1,390 By JM Financial Services
Source: JM Financial Services
2024-04-17 11:52:31 am
Add Bajaj Electricals Ltd for Target Rs. 1,100 - Centrum Broking Soft demand and rural stress impacts topline and margin BJE’s Q3FY24 revenue fell 6% YoY to Rs12.3bn, 7%/12% below our/consensus estimate amidst weak consumer sentiments. Consumer Products revenue fell 8% YoY to Rs9.6bn affected by tepid demand in fans and appliances category. Lighting sales were flat YoY at Rs2.7bn amid demand weakness and LED price erosion. While sales from general trade was down 7% YoY, growth was healthy in alternate channels like modern retail (+28%), Institutio...
Add Bajaj Electricals Ltd for Target Rs. 1,100 - Centrum Broking
Add Bajaj Electricals Ltd for Target Rs. 1,100 - Centrum Broking
Source: Centrum Broking Limited
2024-02-06 11:28:35 am
Neutral Bajaj Electricals Ltd For Target Rs.1,141 - Yes Securities Weak demand and discounting results in poor performance; maintain Neutral Result Synopsis Consumer products (CP) business registered revenue decline of 3% owing to sustained weakness in the consumer sentiment. Appliances has seen decline, which has been offset by healthy growth in Fans. Discounting owing to weak market conditions along with increased A&P spends and negative operating leverage has resulted in operating margin contraction. BJE has done soft launch of its Nex brands wh...
Neutral Bajaj Electricals Ltd For Target Rs.1,141 - Yes Securities
Neutral Bajaj Electricals Ltd For Target Rs.1,141 - Yes Securities
Source: Yes Securities
2023-12-11 04:21:14 pm
Buy Bajaj Electrical Ltd For Target Rs 1,410 - JM Financial Institutional Securities Tough times; market share continues to rise in core categories Bajaj Electricals’ (BEL) standalone revenue declined 4% YoY in 2QFY24 largely on account a) general consumption weakness, particularly in rural markets (significant for BEL) and b) heightened competitive intensity driving higher discounts/schemes and delay in pass-through of cost inflation (particularly in fans). Appliances declined 10% YoY, with the fall partially offset by strong double-digit growth in fans. Lighting re...
Buy Bajaj Electrical Ltd For Target Rs 1,410 - JM Financial Institutional Securities
Buy Bajaj Electrical Ltd For Target Rs 1,410 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
2023-11-22 02:55:34 pm
Add Bajaj Electrical Ltd For Target Rs.1,120 - Centrum Broking BJE’s Q2FY24 revenue fell 4% YoY to Rs11.1bn, 7% below our estimate. Sales was impacted owing to muted consumer demand, shift in festive sales to Q3 and pricing constraints. Consumer Products revenue fell 3% YoY to Rs8.6bn as double digit growth in fans was offset by de-growth in appliances. Lighting sales fell 7% YoY to Rs2.6bn amid demand weakness and LED price erosion. BJE continues to de-risk its concentration on general trade (down 9% YoY), as it scale up alternate channels like mo...
Add Bajaj Electrical Ltd For Target Rs.1,120 - Centrum Broking
Add Bajaj Electrical Ltd For Target Rs.1,120 - Centrum Broking
Source: Centrum Broking Ltd
2023-11-11 11:00:43 am
India`s Bajaj Electricals posts plunge in Q2 profit on weak demand, stiff competition India's Bajaj Electricals posted a 56% fall in its second-quarter profit on Monday, hurt by pricing pressures due to stiff competition and muted demand caused by a delayed festive period. Its consumer products business, which includes appliances like grinders and microwaves and constitutes more than three-fourths of the total revenue, contracted by 2.9% year-on-year while its lighting business fell 7.4%. Chairman Shekhar Bajaj, in a statement, blamed weak consumer demand and pricing...
India`s Bajaj Electricals posts plunge in Q2 profit on weak demand, stiff competition
India`s Bajaj Electricals posts plunge in Q2 profit on weak demand, stiff competition
Source: Reuters
2023-11-06 05:26:44 pm
Bajaj Electricals jumps on introducing new range of mixer grinders Bajaj Electricals is currently trading at Rs. 1031.00, up by 19.20 points or 1.90% from its previous closing of Rs. 1011.80 on the BSE. The scrip opened at Rs. 1012.05 and has touched a high and low of Rs. 1031.00 and Rs. 1012.05 respectively. So far 893 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,247.67 on 17-Jul-2023 and a 52 week low of Rs. 935.35 on 12-Sep-2023. Last one week high and low of the scrip ...
Bajaj Electricals jumps on introducing new range of mixer grinders
Bajaj Electricals jumps on introducing new range of mixer grinders
Source: Accord Fintech
2023-10-27 11:28:48 am