Jyothy Labs Q1 net profit rises 6 percent to Rs 102 crore

Jyothy Labs Limited reported a 6 percent rise in net profit to Rs 102 crore ($12.2 million) in the first quarter, as against Rs 96 crore reported in the year-ago period.

The company’s revenue for the quarter rose by 8 percent to Rs 742 crore, as against Rs 660 crore in the corresponding quarter of the previous fiscal year.

During the quarter, the personal care sales increased by 11 percent over the same period last year.

Commenting on the results, MR Jyothy, chairperson managing director of Jyothy Labs in a statement said, “Our operating performance has been encouraging. We are focused on deepening our consumer connect to reach out effectively to the last mile of our country, with our wide and differentiated product portfolio.”

“In addition to direct distribution expansion and augmentation of manufacturing capacity, the company continues to boost A&P spends to enhance brand visibility. At Jyothy Labs, we have been delivering better than industry growth and aim to deliver consistent growth for our shareholders with expanding profitability metrices,” Jyothy added.

Founded in 1983, Jyothy Labs owns ten brands across categories with a strong presence in the personal care segment.