Q3 results impact: Bajaj Consumer shares hit 20% upper circuit on strong earnings, OFSS rises 3%; KEI Industries declines

Q3 Results impact: Bajaj Consumer shares hit 20% upper circuit on strong earnings, OFSS rises 3%.

• Bajaj Consumer Care shares hit 20 percent upper circuit after strong Q3 earnings.
• Oracle Financial Services shares up 3% on profit and revenue growth.
• KEI Industries shares fall over 1 percent after UBS flags near-term weakness.

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Bajaj Consumer Care shares hit the 20 percent upper circuit limit on Thursday after the FMCG company reported a sharp rise in earnings for the December quarter.

The stock surged after the company posted an 83 percent jump in consolidated net profit to Rs 46.37 crore for the December quarter of FY26, compared with Rs 25.31 crore in the year-ago period, according to a regulatory filing. Bajaj Consumer Care is part of the Bajaj Group.

Revenue from operations rose 30.57 percent year-on-year to Rs 306.09 crore during the quarter, while total expenses increased 20.9 percent to Rs 254.95 crore.

Following the results, brokerage firm Centrum raised its price target on the stock to Rs 340 from Rs 310, stating that the company’s third-quarter performance was a strong beat across parameters. The brokerage said the company has seen improvement in revenue and margin trajectory over the past few quarters and expects this trend to continue.

Meanwhile, shares of Oracle Financial Services Software Ltd (OFSS) were trading nearly 3 percent higher at Rs 7,891 apiece.

The company reported a 15 percent year-on-year rise in consolidated revenue for the December quarter, while net profit grew 13 percent to about Rs 610 crore. Net profit margin for the quarter stood at 31 percent despite the impact of new labour code-related accruals, the company’s chief financial officer said.

Dolat Capital said it expects consolidation in OFSS’s topline momentum in the fourth quarter. The brokerage upgraded the stock to “Buy” while lowering its price target to Rs 9,800 from Rs 10,280.

Meanwhile, shares of KEI Industries Ltd declined more than 1 percent to Rs 3,889.70. The stock had fallen as much as 5.3 percent earlier in the session to a five-month low of Rs 3,728.70.

The decline came after UBS flagged near-term weakness following a revenue miss in the December quarter. KEI Industries reported a 19.5 percent rise in consolidated revenue, which fell short of analysts’ estimates. UBS said the topline miss, in a quarter supported by strong commodity inflation, could lead to near-term pressure on the stock, outweighing the EBITDA beat. However, the brokerage said the company remains structurally well positioned to deliver steady growth.

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