Jyothy Labs reported a 32 percent increase in net profit to Rs 78 crore ($9.5 million) for the fourth quarter ended March 31, as against Rs 59 crore in the year-ago period.
The company’s revenue for the quarter rose by 7 percent to Rs 660 crore, as against Rs 620 crore in the corresponding quarter of the previous fiscal year.
Jyothy Labs personal care sales increased by 18 percent for year-on-year growth for the quarter and 21 percent for the full year.
Commenting on the results. MR Jyothy, chairperson managing director of Jyothy Labs in a statement said, “We have delivered a healthy performance for the quarter and for the year with expanding profitability. Our last 4 years have been a consistent double-digit revenue growth with a focus on relentless execution and drive towards higher business scale.”
“We continue to focus on innovation, invest in our brands, expand distribution with aid of technology and be future ready. With the rise of disposable incomes, we believe there exists an immense future potential in the categories in which we are present,” Jyothy added.
During the year, the company strengthened its distribution reach to 1.2 million retail outlets.
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