Jyothy Laboratories Q4 net profit jumps 11 percent to Rs 67 crore
Indian FMCG firm Jyothy Laboratories Ltd (JLL) witnessed an 11 percent rise in its net profit at Rs 67 crore ($9.7 million) for the quarter ended March 31, 2019, as against Rs 60 crore it had posted in the corresponding quarter previous year.
The company’s revenue grew by 6 percent to Rs 504 crore for the quarter.
For the financial year 2018-19, JLL net profit shot up 20 percent to Rs 193 crore as against Rs 161 crore it had reported the previous year, while its revenue increase by 9 percent to Rs 1,769 crore.
Commenting on the results, M P Ramachandran chairman & managing director of Jyothy Laboratories Ltd in a statement said, "FY18-19 has been a positive year for FMCG industry. The aspirational tastes of Indian consumers are undergoing changes resulting in enhancing demand for use of branded FMCG products.
“At Jyothy Laboratories, we strongly believe in delivering innovative products and best-in-class services to improve and maximize consumer mind-share. Our focus is to have increased level of investment behind brands and innovation, strengthen our distribution network and sustain growth by mitigating challenges arising from the overall macro-economic scenario,” he added.
Jyothy Laboratories Ltd was established in 1983 and owns 10 brands across categories with a strong presence in the personal care segment.
The company recently launched a host of ayurvedic personal care products and is eyeing Rs 500 crore ($70.3 million) from its ayurvedic portfolio alone by the fiscal year 2022.
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