Bajaj Consumer Care downgraded to 'Add' as 88% rally caps upside; TP raised to ₹715
Broker trims rating from 'Buy' to 'Add' despite strong Q1FY27 driven by Almond Drop Hair Oil, flagging 11-12% volume growth and 24.4% EBITDA margin. Raised target of ₹715 vs CMP ₹591 signals limited headroom after the stock's ~88% run. Revenue/EBITDA/PAT seen compounding 14%/20%/20% through FY26-29E on 600 bps cost savings.
Broker downgrades Bajaj Consumer Care to 'Add' from 'Buy' with raised TP of ₹715, citing strong Q1FY27 results led by Almond Drop Hair Oil growth, but limited upside after 88% stock rally.