Bajaj Consumer Q3 Results Trigger Rally as FMCG Stock Hits New 52-Week High; ICICI Securities Sees 82% Upside

Shares of bajaj Consumer care surged sharply after the FMCG major announced its Q3 FY26 results, pushing the stock to a new 52-week high and making it one of the top trending stocks on Dalal Street at the end of this week. The stock rallied after the company reported a great improvement in earnings, better execution, rising consumption demand, and operating leverage.

Bajaj Consumer Care released its Q3 FY26 results on January 22, following which the stock saw strong buying interest. During Friday's session, Bajaj Consumer Care shares touched the 20% upper circuit, before closing the day at a new 52-week high of Rs. 305.80, rising nearly 3%.

Bajaj Consumer Care Q3 FY26 Results

The company, which is part of the Bajaj Group, posted an 83% year-on-year jump in consolidated net profit to Rs. 46.37 crore for the December quarter of FY26, compared with Rs. 25.31 crore in the same period last year.

Revenue from operations during the quarter rose 30.57% year-on-year to Rs. 306.09 crore, indicating broad-based demand recovery across product categories and distribution channels. While total expenses also increased, the rise was limited to 20.9%, with costs standing at Rs. 254.95 crore, allowing margins to expand meaningfully.

ICICI Securities Sees 82% Upside

Following the strong earnings performance, ICICI Securities Limited reiterated its BUY rating on bajaj consumer care stock and projected an 82% upside, assigning a target price of Rs. 450. According to the brokerage, "execution is improving as consumption recovers, with Q3 FY26 delivering a positive earnings surprise driven by GST-led transition benefits, sharper distribution execution, and improving channel productivity."

ICICI Securities said "the company has successfully converted ADHO-led volume recovery into stronger earnings growth through operating leverage. Growth has broadened across the portfolio and channels, with ADHO showing improved traction across low-unit packs as well as mid and large packs, while Banjara delivered a stable first full quarter following its integration. Channel trends also remained supportive, with strength in modern trade and a visible recovery in general trade, including rural markets."

The brokerage further said "Margin expansion looks sustainable, despite elevated brand investments. With Aarohan's reach expansion largely complete, the company's focus has shifted toward productivity, earnings quality, and improved visibility, supporting confidence in the durability of the current growth and margin cycle."

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