The announcement was made after the market hours on Monday, 5 December 2022.

Bajaj Consumer Care is the leading player in light hair oil category with the flagship brand Bajaj Almond Drops Hair Oil commanding around 65% market share in its category. The company also manufactures other hair care and skin care products under various brands.

The company's consolidated net profit tumbled 31.9% to Rs 31.66 crore despite of 7.7% rise in net sales to Rs 229.71 crore in Q2 FY23 over Q2 FY22.