Jyothy Labs Q1 profit jumps 57 percent to Rs 32 crore

By

Maverick Martins

Published
Jul 26, 2018

FMCG firm Jyothy Laboratories Ltd reported a 57 percent jump in its standalone net profit at Rs 32 crore ($4.7 million) for the first quarter ended on June 30. The company had posted profit of Rs 20 crore during the same period last fiscal.
 

The revenue in the quarter rose 18 percent to Rs 407 crore. It was Rs 364 crore of the corresponding quarter of the previous fiscal, Jyothy Lab said in a statement.
 
The personal care segment contributed Rs 53 crore to the overall revenue and the segment profit for the quarter stood at Rs 10 crore.

Commenting on the results, M P Ramachandran, Chairman and Managing Director at Jyothy Laboratories Ltd said: " FY19 has begun on a good note for us. Our overall performance during the quarter was in line with our expectations. This year we wish to focus on increasing our consumer mind share by investing in our brand, without compromising margins.
 
“We have seen market share growth across the portfolio in the current quarter and this shows that we are moving in the right direction with our continuous and sustained efforts to deliver superior results,” he added.
 
Jyothy Laboratories Ltd, a fast moving goods company was established in 1983 and owns 10 brands across categories with a strong presence in the personal care segment.