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Bajaj Consumer Care Appoints New International & Banjaras Heads; Deepak Himan Resigns
Bajaj Consumer Care (BAJAJCON) has announced a transition in its senior management team following the resignation of Mr. Deepak Himan, Head of Strategy & International Business, effective February 28, 2026. To lead its global expansion, the company appointed Mr. Abhishek Bhattacharya, who brings over 20 years of FMCG experience from firms like CavinKare and Adani Wilmar. Additionally, Mr. K.G. Mallikeswaran, a specialist in P&L turnarounds with 20+ years of experience, has been appointed as AVP for the Banjaras brand. These strategic appointments, effective early March 2026, signal a focus on strengthening international presence and brand-specific profitability.
Key Highlights
Mr. Deepak Himan resigned as Head-Strategy & International Business effective February 28, 2026.
Mr. Abhishek Bhattacharya appointed as Head - International Business (ROW, MEA & Nepal) effective March 1, 2026.
Mr. K.G. Mallikeswaran appointed as Associate Vice President (Banjaras) effective March 3, 2026.
Both new appointees bring over 20 years of extensive FMCG industry experience to the company.
Mr. Mallikeswaran has a proven track record of turning loss-making units into PBT-positive operations.
💼 Action for Investors
Investors should monitor the performance of the international business and the Banjaras brand in upcoming quarters to evaluate the effectiveness of the new leadership. No immediate portfolio changes are recommended based solely on these management transitions.
Bajaj Consumer Q3 FY26: Consolidated Revenue Jumps 32.7%, EBITDA Surges 109% YoY
Bajaj Consumer Care reported a robust Q3 FY26 with consolidated revenue growing 32.7% YoY to ₹306 crores, driven by strong performance in the Almond Drop Hair Oil (ADHO) segment. Standalone gross margins expanded significantly by 800 bps to 59.8%, while consolidated EBITDA more than doubled with a 109% YoY increase. The company saw a recovery in general trade and rural markets, alongside 15% growth in the acquired Banjara brand. Management highlighted aggressive digital spending and a strategic focus on sustainable margins in the coconut oil category.
Key Highlights
Consolidated revenue reached ₹306 crores, marking a 32.7% YoY growth.
Standalone EBITDA grew by 99% to ₹58.4 crores, with margins improving by 740 bps to 20.4%.
Almond Drop Hair Oil (ADHO) delivered double-digit volume growth supported by a 37% increase in ASP spends.
Gross margins improved by 800 bps YoY to 59.8% due to strategic pricing and better product mix.
The acquired Banjara brand registered 15% YoY growth with stable mid-teen operating margins.
💼 Action for Investors
Investors should view the significant margin expansion and volume-led growth in the core ADHO brand as a strong sign of operational turnaround. Monitor the sustainability of rural recovery and the integration of the Banjara brand in Southern markets.
Bajaj Consumer Q3 FY26 PAT Jumps 83% YoY to ₹46.4 Cr; Gross Margins Expand to 60%
Bajaj Consumer Care delivered a robust Q3 FY26 performance with consolidated revenue rising 32.7% YoY to ₹306.1 crore. Profit After Tax (PAT) surged 83.2% YoY to ₹46.4 crore, supported by a massive 802 bps expansion in gross margins to 60%. The flagship Almond Drops Hair Oil (ADHO) recorded double-digit volume growth, while rural markets showed a sequential recovery. Despite a 3% YoY dip in international business, the company's domestic momentum and lower commodity prices for Copra and Mustard Oil drove significant bottom-line growth.
Key Highlights
Consolidated Revenue grew 32.7% YoY to ₹306.1 crore, while EBITDA surged 109.5% to ₹56.9 crore.
Gross margins improved significantly to 60.0% from 52.0% YoY, aided by lower input costs for Copra (-14% QoQ).
Flagship ADHO brand achieved double-digit volume growth and its highest market share in 8 quarters.
Rural demand recovered in Q3 YoY, supported by the 'Aarohan' GTM transformation and easing inflation.
International business revenue declined 3% YoY to ₹16.3 crore, though Nepal showed a strong 32% YoY recovery.
💼 Action for Investors
The stock is likely to react positively to the strong margin expansion and volume growth in the core portfolio. Investors should monitor the sustainability of rural demand recovery and the stabilization of the international business segment.
Bajaj Consumer Care Q3 FY26 Standalone Net Profit Jumps 73% YoY to ₹47.6 Crore
Bajaj Consumer Care reported a robust performance for the quarter ended December 31, 2025, with standalone revenue from operations growing 25.1% YoY to ₹286.87 crore. Net profit for the quarter surged significantly by 72.9% to ₹47.60 crore compared to ₹27.52 crore in the corresponding quarter of the previous year. The company maintained aggressive brand-building efforts, with advertising and sales promotion expenses rising to ₹45.36 crore. Additionally, the integration of Vishal Personal Care as a 100% subsidiary is complete, with a demerger scheme currently pending NCLT approval.
Key Highlights
Standalone revenue from operations increased 25.1% YoY to ₹286.87 crore in Q3 FY26.
Standalone Net Profit surged 72.9% YoY to ₹47.60 crore from ₹27.52 crore.
Earnings Per Share (EPS) improved significantly to ₹3.53 from ₹1.98 YoY.
Advertising and Sales Promotion expenses grew to ₹45.36 crore, reflecting a 37% increase YoY to drive growth.
Completed 100% acquisition of Vishal Personal Care Limited for ₹62.10 crore during the current fiscal year.
💼 Action for Investors
Investors should take note of the strong double-digit revenue growth and significant margin expansion. The stock is likely to react positively to the sharp increase in profitability and successful integration of recent acquisitions.
Bajaj Consumer Appoints Marico Veteran Aditya Singh as CMO; Sanath Pulikkal Resigns
Bajaj Consumer Care has appointed Mr. Aditya Singh as its new Chief Marketing Officer (CMO) effective December 22, 2025. Mr. Singh joins from Marico Limited, where he served as Executive Vice President and Head of Marketing, bringing over 20 years of FMCG experience. He succeeds Mr. Sanath Pulikkal, who resigned for personal reasons and will stay until March 31, 2026, to ensure a smooth transition. This leadership change is a strategic move to leverage deep industry expertise for brand building and portfolio transformation.
Key Highlights
Mr. Aditya Singh appointed as Chief Marketing Officer effective December 22, 2025
Incoming CMO brings over 20 years of experience from top FMCG firms including Marico, Kellogg's, and L'Oréal
Outgoing CMO Sanath Pulikkal will remain with the company until March 31, 2026, for a structured handover
Mr. Singh previously served as EVP & Head of Marketing at Marico, managing large food and personal care portfolios
💼 Action for Investors
Investors should monitor how the new CMO's experience at Marico translates into improved market share and brand positioning for Bajaj Consumer. This high-profile hire is a positive signal regarding the company's growth and innovation ambitions.