Jyothy Labs Q2 net profit rises 12 percent to Rs 60 crore

By

Maverick Martins

Published
Nov 5, 2020

FMCG firm Jyothy Labs reported a 12 percent rise in its consolidated net profit at Rs 60 crore ($8.1 million) for the quarter ended September 30, 2020, as against a net profit of Rs 54 crore in the year-ago quarter.
 

The company’s revenue for the quarter under review rose by 6 percent to Rs 509 crore, as against a revenue of Rs 480 crore it had reported in the corresponding period last year.
 
Commenting on the results, M R Jyothy, managing director of Jyothy Labs, in a statement said: “The company’s focus on execution combined with its portfolio comprising of daily use ’essential hygiene’ has delivered strong sales and profitable growth. The company is well-positioned and committed to deliver sustainable volume led profitable growth through focus on strengthening the overall franchise.

“The revival of the consumer sentiment has been reflected in the company’s performance across our brand portfolio. We have been focussing on volume led sales growth, brand building, product innovation, and cost rationalisation measures leading to sustainable profitable growth,” Jyothy added.
 
Jyothy Labs was established in 1983 and owns ten brands across categories with a strong presence in the personal care segment.