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%.
- News Source Indiatimes (Click to view full news): CLICK HERE
0 Comments:
Leave a Reply