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Bajaj Electricals posts plunge in Q2 profit on weak demand, stiff competition
![IndiaTimes]()
Monday, 6 November 2023
Bajaj Electricals, an Indian consumer products company, reported a 56% decrease in second-quarter profit due to pricing pressures and weak demand caused by a delayed festive period. The company's consumer products business, which accounts for the majority of its revenue, saw a 2.9% decline, while its lighting business fell 7.4%. The company attributed the decline to weak consumer demand and pricing constraints.Bajaj Electricals shares dropped as much as 4.6% after the results, but recovered to close up 0.5%.
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Monday, 6 November 2023
