Jyothy Labs Q4 net profit jumps 55 percent to Rs 59 crore
Jyothy Labs Ltd witnessed a 55 percent rise in net profit to Rs 59 crore ($7.2 million) for the fourth quarter ended March 2023, as against Rs 38 crore recorded in the year-ago period.
The company’s total income for the quarter was up by 13 percent to Rs 623 crore, as against Rs 552 crore reported in the corresponding period of the last fiscal.
For the financial year 2023, the company reported a 48 percent growth in profit at Rs 240 crore while its revenue rose by 13 percent to Rs 2,486 crore compared to the previous fiscal.
Commenting on the results, M R Jyothy, managing director at Jyothy Labs Ltd in a statement said, “We have delivered a healthy performance for the quarter and for the year despite all the headwinds. Last 3 years have seen a consistent double digit revenue growth. Our focus is on relentless execution and drive towards higher business scale.”
"Our product portfolio is diversified, and it offers an opportunity to build each of our brands as leaders in their respective categories given their unique proposition. We believe in offering the best value to the consumers and are committed for higher growth for all our stakeholders,” Jyothy added.
Founded in 1983, Jyothy Labs owns ten brands across categories with a strong presence in the personal care segment.
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