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Bajaj Consumer Buyback Record Date: Bajaj Consumer Buyback Record date not announced. We will let you know when the record date is announced.
Bajaj Consumer Care is a key player in the cosmetics, toiletries, and personal care sector, operating both domestically and internationally. Their best product is Bajaj Almond Drops Hair Oil, which dominates the light hair oil market, boasting a substantial 60% market share in the financial year 2023.
Notably, the company significantly ramped up its marketing efforts for Bajaj Almond Drops, allocating 77% of its total marketing budget to this product, which represented a notable 37% increase in spending compared to previous periods.
With a diverse product portfolio comprising 15 brands and 100 SKUs, Bajaj Consumer Care caters to various personal care needs, spanning hair and skin care. Products like Bajaj Almond Drops, Bajaj Coco Onion, and Bajaj Coconut Oil are among their offerings.
The company demonstrated robust growth in the hair oil industry in FY 2023, driven by the launch of several new products such as Bajaj 100% Pure Henna, Bajaj NoMarks face serums, hair serums and Bajaj Almond Drops Moisturizing Soap.
In terms of distribution, Bajaj Consumer Care boasts a vast network comprising approximately 8,100 direct and indirect distributors, facilitating access to nearly 4.3 million retail outlets across India.
Moreover, the company expanded its distribution footprint significantly in FY23, reaching over 35,000 outlets. With ambitious plans to enhance its global presence, Bajaj Consumer Care has expanded into more than 30 countries across regions including the SAARC, Gulf and Middle East, ASEAN, and Africa.
Bajaj Consumer Buyback Date
| Event | Date |
|---|---|
| Meeting Date | May 8, 2024 |
| Buyback Announcement Date | May 8, 2024 |
| Buyback Record Date | [.] 2024 |
| Last Date of Buying Shares | [.] 2024 |
| Buyback Open Date | [.] 2024 |
| Buyback Close Date | [.] 2024 |
| Finalization of Buyback Acceptance | [.] 2024 |
Bajaj Consumer Care Buyback 2024 Offer Details
Bajaj Consumer Care is initiating a buyback program, aiming to acquire 57.41 equity shares at ₹290 per share, with the total buyback offer capped at ₹166.49 crores.
| Offer Amount: | ₹166.49 Crores |
| Number of Shares: | 57,41,000 Equity Shares |
| Face Value: | ₹1 per equity share |
| Buyback Price: | ₹290 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
Bajaj Consumer Care Buyback 2024 Acceptance Ratio
To make the most of the opportunity, investors are recommended to acquire roughly 689 shares at the prevailing market rate of ₹261 each. This calculation ensures that the total investment of ₹2,00,000 is divided by the buyback price of ₹290 per share, resulting in an approximate count of 689 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹179829 | 227 | ₹6583 |
| 50% | ₹179829 | 344 | ₹9976 |
| 75% | ₹179829 | 517 | ₹14993 |
| 100% | ₹179829 | 689 | ₹19981 |
Bajaj Consumer Care Buyback 2024, How to Participate?
Investors who hold Bajaj Consumer Care shares in their Demat Account on the Record Date are eligible for the buyback scheme. They can take part by selling their shares according to the opening form. Payments will be based on the number of accepted shares as per the company’s buyback scheme.
Bajaj Consumer Financial Report
| Metric | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|
| Total Income | 914.64 | 878.36 | 949.94 |
| Total Expenses | 672.43 | 700.80 | 809.46 |
| Net Income | 223.56 | 174.55 | 139.83 |
FAQs
What is Bajaj Consumer Care’s primary product?
Bajaj Consumer Care’s flagship product is Bajaj Almond Drops Hair Oil, which holds a significant 60% market share in the light hair oil segment as of FY 2023.
How has Bajaj Consumer Care allocated its marketing budget in recent years?
In FY 2023, Bajaj Consumer Care allocated 77% of its total marketing budget to Bajaj Almond Drops Hair Oil, representing a 37% increase compared to previous periods.
What is the buyback offer by Bajaj Consumer Care in 2024?
Bajaj Consumer Care is offering to buy back 57,41,000 equity shares at a price of ₹290 per equity share, with the total buyback offer not exceeding ₹166.49 crores.
How can investors participate in the buyback offer?
Investors who hold Bajaj Consumer Care shares in their Demat Account on the Record Date are eligible for the buyback scheme. They can participate by selling their shares according to the opening form, with payments based on the number of accepted shares as per the company’s buyback scheme.
