Bajaj Consumer Care Q4 FY26 Results: Net Profit More Than Doubles to ₹63.60 Crore, Revenue Surges 30%, EBITDA Margin Hits Record 23.4% — Stock Jumps 9.57%

April 20, 2026
Posted by: sachet
Category: News

Bajaj Consumer Care Limited delivered one of its best quarterly performances in recent memory. The FMCG company — best known for its flagship Almond Drops Hair Oil (ADHO) — reported consolidated Q4 FY26 net profit of ₹63.60 crore, more than doubling from ₹30.98 crore in Q4 FY25, a 105.3% year-on-year surge. Revenue from operations grew 30.4% to ₹326.66 crore. EBITDA hit ₹76.5 crore — up 139% — with margins expanding from 12.7% to 23.4%, a new quarterly record for the company. The stock reacted decisively, closing 9.57% higher at ₹469.95 on April 17.

The company crossed the ₹1,000 crore annual revenue milestone for the first time in its history, with FY26 full-year consolidated revenue at ₹1,164.71 crore (+21% YoY) and PAT at ₹190.18 crore (+52% YoY). An important context note: the FY26 numbers are not directly comparable to the prior year due to the acquisition of the remaining 51% stake in Vishal Personal Care Ltd (owner of the Banjara’s brand) in May 2025, making it a wholly owned subsidiary.

Track Bajaj Consumer Care and get FMCG sector research on Univest.

Table of Contents

Bajaj Consumer Care Q4 FY26 Financial Results

Metric	Q3 FY26	Q4 FY25 (Base)	Q4 FY26 (Actual)
Revenue (Consolidated)	₹241.64 Cr	₹250.49 Cr	₹326.66 Cr (+30.4% YoY)
Net Profit (PAT)	₹43.02 Cr	₹30.98 Cr	₹63.60 Cr (+105.3% YoY)
EBITDA	₹45 Cr	₹31.9 Cr	₹76.5 Cr (+139% YoY)
EBITDA Margin	18%	12.7%	23.4% (record expansion)
Gross Margin	58%	54%	63% (record high)
FY26 Full-Year Revenue	—	FY25: ₹964 Cr	₹1,164.71 Cr (+21% YoY)
FY26 Full-Year PAT	—	FY25: ₹125 Cr approx.	₹190.18 Cr (+52% YoY)
Ad Spend (Q4)	—	₹36.89 Cr	₹49.43 Cr (+34% YoY)

Source: Bajaj Consumer Care audited consolidated financial results, BSE/NSE filing April 17, 2026; Storyboard18; MoneyPhobia.

What Drove the 105% PAT Jump: Three Key Factors

First, gross margin expansion from 54% to 63% — a remarkable 900 basis point improvement — is the most significant driver. This reflects two concurrent positives: the natural cost of raw materials (particularly Amla, Coconut, and Almond) has eased from elevated FY25 levels, and the Vishal Personal Care (Banjara’s) integration is beginning to contribute higher-margin Ayurvedic products to the mix. Second, volume momentum in Almond Drops Hair Oil continued with near double-digit volume growth in Q4, while the rebound in Low Unit Packs (sachets and small packs) has been particularly strong, with 20%+ growth. Third, operating leverage — with revenue growing 30% while total expenses grew at a much slower pace — translated directly into EBITDA nearly tripling.

The advertising spend increase of 34% to ₹49.43 crore in Q4 is a deliberate investment rather than a cost inefficiency. Management’s conviction in this approach is visible in the full-year ₹173.75 crore ad spend (+23% YoY) — money deployed to reinforce Almond Drops’ position and build Banjara’s brand equity in a competitive market.

Screen Bajaj Consumer Care fundamentals on Univest Screener.

The Vishal Personal Care (Banjara’s) Integration

The acquisition of the remaining 51% in Vishal Personal Care — maker of the Banjara’s Ayurvedic personal care brand — completed in May 2025, expanded Bajaj Consumer’s portfolio into the high-growth natural/Ayurvedic segment. Non-ADHO portfolio revenue reached ₹225 crore for FY26, indicating meaningful contribution from acquired and organically grown brands. The Banjara brand grew mid-teen value in Q4 FY26, validating the strategic rationale of the acquisition.

Conclusion

Bajaj Consumer Care‘s Q4 FY26 results mark a genuine operational inflection — the first ₹1,000 crore revenue year, 105% PAT growth in Q4, and record margins all signal that the business is benefiting from a rare combination of volume recovery, input cost tailwinds, and strategic portfolio expansion. The key question for FY27 is whether gross margins can sustain at 60%+ levels or normalise lower as raw material costs potentially inch back up. The concall at 5 PM on April 17 will be important for FY27 guidance on volume growth, margin outlook, and the Banjara’s integration trajectory.

For more Q4 FY26 results analysis, visit Univest Blogs.

Frequently Asked Questions

1. What was Bajaj Consumer Care’s Q4 FY26 PAT?

Bajaj Consumer Care reported consolidated Q4 FY26 PAT of ₹63.60 crore — up 105.3% year-on-year from ₹30.98 crore in Q4 FY25. Full-year FY26 PAT was ₹190.18 crore, up 52% from approximately ₹125 crore in FY25.

2. What was Bajaj Consumer Care’s Q4 FY26 revenue?

Consolidated revenue from operations was ₹326.66 crore in Q4 FY26 — up 30.4% year-on-year from ₹250.49 crore in Q4 FY25. Full-year FY26 revenue crossed ₹1,000 crore for the first time at ₹1,164.71 crore (+21% YoY).

3. Why did Bajaj Consumer Care’s EBITDA margin expand so sharply?

EBITDA margin expanded from 12.7% in Q4 FY25 to 23.4% in Q4 FY26 — a 1,070 basis point improvement. The primary drivers were gross margin expansion from 54% to 63% (raw material cost relief + Banjara’s mix improvement), strong volume-driven revenue growth with fixed cost leverage, and controlled employee/other expense growth.

4. How has the Vishal Personal Care (Banjara’s) acquisition impacted results?

The acquisition of the remaining 51% stake in Vishal Personal Care (Banjara’s brand) in May 2025 has expanded the portfolio into Ayurvedic personal care. The non-ADHO portfolio contributed ₹225 crore to FY26 revenues. Banjara’s grew mid-teen value in Q4 FY26. FY26 results are not directly comparable to prior year due to this acquisition’s consolidation effect.

5. What is driving Almond Drops Hair Oil (ADHO) growth?

ADHO delivered near double-digit volume growth in Q4 FY26, with volume market share at its highest level across the past 8 quarters. Growth was led by strong demand in Low Unit Packs (sachets and small packs) which grew 20%+, reflecting consumer accessibility strategies and rural reach improvement.

6. Did Bajaj Consumer Care declare a dividend?

The article and concall transcript do not mention a specific dividend declaration for FY26. The 20th AGM notice was part of the board meeting agenda. Investors should check BSE filings for any dividend recommendation details from the April 17, 2026 board meeting outcome.

7. When do TCS announce Q4 results 2026?

TCS declared Q4 FY26 results on April 9, 2026.

8. Is Bajaj Consumer Care a good investment after Q4 results?

The strong Q4 results and FY26 turnaround are clearly positive. The key FY27 question is whether margins sustain at 23%+ or normalise. The company is almost debt-free and generated strong operating cash flow. At ₹469 stock price post 9.57% jump, valuation needs to be assessed against FY27 earnings trajectory. Consult a SEBI-registered advisor before investing.

Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data is sourced from publicly available NSE/BSE filings and company investor relations pages. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.