Also, during the year, companies resorted to cutting prices of their products as commodity prices softened, thus also having restricted the growth in revenue in the quarter
FMCG maker Jyothy Labs Ltd on Tuesday reported a 59.1 per cent jump on consolidated net profit at Rs 103.98 crore for the second quarter ended September 30, on the back of strong revenue growth. The company, which has brands like Ujala, Maxo, Exo, Henko, Pril, Margo, had posted a consolidated net profit of Rs 65.35 crore in the second quarter of the last fiscal year, Jyothy Labs said in a regulatory filing. Consolidated revenue from operations stood at Rs 732.34 crore in the quarter under review, as compared to Rs 659.2 crore in the year-ago period, it added. Total expenses in the second quarter were higher at Rs 610.45 crore, as against Rs 595.26 crore in the same period a year ago. "The demand across our product portfolio has been stable. The inflationary environment has been a constant pressure on the consumption of FMCG products," Jyothy Labs Managing Director M R Jyothy said. However, she said, "given our business potential, we continue to expand our distribution footprint ac
The average trading volumes jumped over five-fold, with a combined 6.37 million shares representing 1.7% of total equity of Jyothy Labs changing hands on the NSE and BSE till 02:58 PM.
FMCG firm Jyothy Labs Ltd on Tuesday reported an over two-fold increase in its consolidated net profit at Rs 96.25 crore in the June quarter, led by stable demand and moderation in input costs. It had posted a consolidated net profit of Rs 47.73 crore in the April-June quarter a year ago, according to a regulatory filing by Jyothy Labs, which owns brands such as Ujala, Pril, Margo and Exo. Jyothy Labs' revenue from operations rose 15.05 per cent to Rs 687.10 crore during the period under review as against Rs 597.20 crore a year ago. "We have observed relatively stable demand across our product portfolio. With moderating input costs, our EBITDA margin for the quarter stood at 17.1 per cent versus 10 per cent in the same period last year, thereby an increase of 96.3 per cent," a company's earnings statement said. It further said: "Our Net Profit also grew by 101.7 per cent over the same period last year." Its total expenses were at Rs 582.75 crore, up 5.24 per cent in Q4/FY24 as aga
The fast moving consumer goods (FMCG) sector is expected to see a 'significant growth' in FY24 with rural demand showing improvement and inflation beginning to moderate, said Jyothy Labs in its latest annual report. The urban demand continues to remain steady, the report said. Growth is "fuelled" by large packs as there is a distinct trend of consumers upgrading to medium and high-value packs for its various key FMCG categories, said Jyothy Labs, maker of branded products like Ujala, Henko, Margo, Exo and Pril. "In this pack size transition has been observed in beverages, personal care, and branded product categories. Now that input prices have exhibited a downward trend and end-consumers have sufficient purchasing power, FMCG businesses are likely to experience an increase in the volume of demand and consequently volume-led growth this year," it said. The urban demand is steady now and the rural market is "increasingly exhibiting signs of normalcy" helped by easing inflation and .
FMCG firm Jyothy Labs Ltd has posted a 77.25 per cent jump in its consolidated net profit at Rs 67.39 crore in the third quarter ended December 31, 2022. The company had posted a consolidated net profit of Rs 38.02 crore in the same period last fiscal, it said in a regulatory filing. Consolidated revenue from operations was at Rs 612.67 crore during the quarter under review as compared to Rs 539.03 crore in the year-ago period, it added. "The business has been resilient in spite of high commodity inflation impacting the consumption across categories. We have been focussed only on execution to drive higher operating revenues and manage margins in the inflationary environment," it said. The company said it has focussed on a strategy to build scale and gain market share backed by enhanced distribution, including reaching out to newer geographies, increase brand visibility and product innovation initiatives. "We continue to drive execution-led growth to build scale. This will deliver
FMCG firm Jyothy Labs Ltd on Wednesday reported a 77.25 per cent jump in its consolidated net profit at Rs 673.9 crore in the third quarter ended December 31, 2022. The company had posted a consolidated net profit of Rs 380.2 crore in the same period last fiscal, it said in a regulatory filing. Consolidated revenue from operations were at Rs 6,126.7 crore during the quarter under review as compared to Rs 5,390.3 crore in the year-ago period, it added. "The business has been resilient in spite of high commodity inflation impacting the consumption across categories. We have been focussed only on execution to drive higher operating revenues and manage margins in the inflationary environment," it said. The company said it has focussed on a strategy to build scale and gain market share backed by enhanced distribution, including reaching out to newer geographies, increase brand visibility and product innovation initiatives. "We continue to drive execution-led growth to build scale. This
Notwithstanding the lockdowns due to the second wave of Covid-19 pandemic, the FMCG sector grew by 36.9 per cent in the April-June quarter of 2021.
Home-grown FMCG firm Jyothy Labs on Monday reported an 18.73 per cent rise in its consolidated net profit at Rs 47.73 crore in the first quarter ended June 30, 2022
Homegrown FMCG firm Jyothy Labs on Thursday reported 19.61 per cent decline in consolidated net profit at Rs 40.20 crore for June quarter 2021-22 on account of increase in input cost
Jyothy Labs' Managing Director MR Jyothy said better hygiene habits were the need of the hour
Independent director R Lakshminarayanan will take over as chairman of the board
Weak show of the household insecticides business (under thebrand name Maxo), which forms about a fourth of Jyothy Laboratories' (JyothyLabs') revenue, pulled down overall growth in the March quarter (Q4).Consequently, the company's consolidated revenue grew 4.2 per cent year-on-year(y-o-y) to ~446 crore, missing the Bloomberg consensus estimate of ~478 crore. While peer Godrej Consumer Products (GCPL), too, witnessedsome pressure on its household insecticides revenues in Q4, this business grewfour per cent; but for Jyothy Labs, the household insecticides' revenues fellsix per cent y-o-y in Q4, indicating it could have lost market share, unlikeGCPL which maintained its leadership position. While the company believeshousehold insecticides could improve in case of a normal monsoon, the Streetwill keep a close watch on it given the competitive intensity and its highcontribution to Jyothy Labs' top line.Other than the flattish growth in the smaller segment oflaundry services, Jyothy Labs'
Weaker margins and slower revenue growth could lead to earnings downgrade
Net sales of jumped by a marginal 6.64% to Rs 433.49 crore as against Rs 406.50 crore in same quarter
KPR Mill, Vakrangee, Aegis Logistics, Bodal Chemicals, IG Petro, Gujarat Alkalies, RPG Life and Surya Roshni too hit their respective record highs on BSE.
Net sales rise 9% at Rs 440 cr