 "Jyothy Laboratories' Q2 net profit up 61%")
The FMCG company Jyothy Laboratories posted 61.2 per cent increase in its net profit at Rs 32.02 crore for the second quarter ended September 30, 2016 as compared to Rs 19.87 crore reported in the corresponding quarter last year.
Net sales of the company, however, jumped by a marginal 6.64 per cent to Rs 433.49 crore for July - September quarter 2016 as against Rs 406.50 crore reported in the same quarter last year.
"The first half of the current financial year has been in line with our expectations. With a normal monsoon this year coupled with increased government spending, we are confident of improvement in the consumption scenario in the coming quarters," said M P Ramachandran, Chairman and Managing Director, Jyothy Laboratories Ltd.
On the product front, the initial launch of Crisp & Shine witnessed a good response amongst the consumers from Tamil Nadu.
"We are confident of replicating the same in the newer markets as well. Besides, we continue to invest behind our brands and continue to focus on increasing our market share across categories without compromising our margins," he added.
Founded in 1983, Jyothy Laboratories has evolved from a single product proprietary firm into a multi brand. The company is involved in the manufacturing and marketing of products in fabric care, mosquito repellant, surface cleaning, personal care and incense sticks. The company boasts of 10 brands in its kitty including Ujala, Maxo, Exo, Henko, Pril, Margo, Neem, Chek and Mr. White that are well-known and established brands in their respective categories.
The company is also engaged into service sector in organized laundry to provide "World class laundry at affordable price at your doorstep" through its subsidiary 'Jyothy Fabricare Services Ltd'.