Bajaj Consumer Care downgraded to 'Reduce' by Dolat Capital, target cut to Rs 685
Dolat Capital downgraded Bajaj Consumer Care to 'Reduce' with a revised target of Rs 685 post-Q1, citing rich valuations at 30x H1 FY29E EPS despite 24.9% YoY revenue growth, 61.8% gross margin, 24.4% Ebitda margin and recovery in Nepal and Bangladesh markets.
Dolat Capital downgraded Bajaj Consumer Care to 'Reduce' with a revised target of Rs 685 after Q1 results, citing rich valuations despite 24.9% revenue growth, strong margins and recovery in Nepal and Bangladesh markets.
Why this matters
The downgrade follows a strong Q1 FY26 where Bajaj Consumer Care posted an 84-85% profit jump on Almond Drops strength and ~30% domestic growth, signaling analyst caution despite operational momentum.
Retail-company signals are accelerating, up 769700% QoQ.