Bajaj Consumer shares shed over 4% after board approves Rs 186 cr share buyback

Shares of Bajaj Consumer Care slipped 4.53% to a day’s low of Rs 231.02 on NSE on Friday, July 25, after the company’s board approved a share buyback proposal. The company plans to repurchase 64 lakh fully paid-up equity shares, representing 4.69% of total equity as of March 31, 2025. The buyback will be carried out via the tender offer route through the stock exchange.

The buyback price has been set at Rs 290 per share, with the total offer size not exceeding Rs 186.60 crore, payable in cash. This excludes additional expenses such as brokerage, taxes, and other statutory costs. The buyback is subject to shareholder approval, and Anand Rathi Advisors has been appointed as the transaction manager.

The announcement comes amid a strong rally in Bajaj Consumer shares, which have risen 40% in the last three months, despite being down 11% over the past year. The recent uptrend has pushed the stock above its 50-day and 200-day simple moving averages of Rs 197.8 and Rs 192.6, respectively, according to Trendlyne data.

The company has yet to announce its Q1FY26 earnings. In the March-ended quarter (Q4FY25), Bajaj Consumer reported a net profit of Rs 31 crore, down 13% from Rs 36 crore a year ago. Total revenue for the quarter rose 3% YoY to Rs 259 crore, compared to Rs 252 crore in Q4FY24.

On Thursday, shares closed flat at Rs 244.45 on BSE.

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