ICICI Securities lifts Bajaj Consumer Care target to Rs 760, sees 15% upside after strong Q1FY27
ICICI Securities retains Buy on Bajaj Consumer Care, raising its target to Rs 760 from Rs 600 (15% upside). Q1FY27 revenue rose 25% YoY to Rs 340 crore, net profit surged 84.5% to Rs 70.7 crore, and EBITDA margin expanded 939bps to 24.4%. Growth spanned modern trade, quick commerce, general trade and rural markets, driving EPS upgrades of 24% for FY27 and 28% for FY28.
ICICI Securities retains Buy on Bajaj Consumer Care, raising target to Rs 760 (15% upside) after strong Q1FY27: 25% revenue growth, sharp margin expansion, and broad-based channel growth across modern trade, quick commerce, general trade and rural markets.