Jyothy Labs Q2: Revenue increases 11.09% as net profit climbs 59.1% to Rs 103.98 crore

 Jyothy Labs Q2: Revenue increases 11.09% as net profit climbs 59.1% to Rs 103.98 crore

The company's consolidated revenue from operations increased by 11.09 percent YoY to Rs 732.34 crore.

On November 7, Jyothy Labs announced a consolidated net profit for the quarter that ended in September of Rs 103.98 crore, a 59.1% increase over the Rs 65.35 crore reported in the same period the previous year.

The company's consolidated income from operations increased YoY (year over year) to Rs 732.34 crore from Rs 659.20 crore the previous year, a jump of 11.09 percent.

For the quarter, earnings before interest, tax, depreciation, and amortization (EBIDTA) increased by 69% to Rs 135 crore. The EBIDTA margin was 18.5% as opposed to 12.1%.

Demand for all of our products has remained steady. The demand for FMCG items has been under continual pressure due to inflation, but because of our business potential, we have continued to build our brands and develop our distribution network across India, which has led to steady company growth." said M R Jyothy, Jyothy Labs Limited's managing director.

Sales of Fabric Care rose by 10.6% in Q2FY24 compared to the same time the previous year. Dishwashing product sales saw a ten percent rise thanks to the success of our brands Pril and Exo. The firm is focusing on providing more packaging alternatives in the dishwashing liquid sector in order to improve brand recognition and increase market share. Both brands have been effective in drawing in new consumers.

Sales of body soap and toothpaste, which are part of the personal care category, increased by an astounding 22.3 percent over the same time previous year. The venerable Margo soap line, renowned for its genuineness, is still a customer favorite. The company is introducing three new variations of Margo Neem Naturals, which will broaden the Margo line.

In Q2FY24, sales of domestic insecticides—which include incense sticks, liquid vaporizers, and coils that repel mosquitoes—rose by 3.4 percent. Notwithstanding difficulties encountered in the last year, the business has consistently recovered. To improve brand affinity, innovation is the main emphasis. The category of liquid vaporizers has shown favorable growth as a result of our ongoing distribution and customer engagement activities.

At 1:21 pm on the NSE, Jyothy Labs' shares were up 6.15 percent at Rs 392.