Bajaj Electricals Ltd (BOM:500031)
₹ 1056.95 0.1 (0.01%) Market Cap: 121.80 Bil Enterprise Value: 120.90 Bil PE Ratio: 93.78 PB Ratio: 8.52 GF Score: 75/100
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Q1 2024 Bajaj Electricals Ltd Earnings Call Transcript

Aug 10, 2023 / 12:00PM GMT
Release Date Price: ₹1145.29 (-2.28%)
Operator

Hello, everyone. Welcome to Bajaj Electricals 1Q FY '24 Earnings Call. For the management side today, we have with us Mr. Anuj Poddar, Managing Director and CEO; and Mr. E.C. Prasad, the Chief Financial Officer of the company. Thank you, and over to you, sir.

Anuj Poddar
Bajaj Electricals Limited - MD, CEO & Executive Director

Thank you. Thank you, Drew. Good evening, everyone. Thank you for joining our investor call today. Let me put my opening comments in. We have had a soft quarter performance. I think this is largely due to a soft in used discretionary consumption environment in the -- sorry, discretionary consumption demand environment in the economy, coupled with a weak summer and due to unseasonal rains. If I speak up our results a little more for you, particularly when we talk about consumer products, appliances as well as multi-insurance business actually has seen a growth, but partly offset by degrowth in the fans business because of the unseasonal rain in the summer period.

As always, we've continued and tried to balance out and

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