Jyothy Labs Ltd Q3 net profit down 4 percent to Rs 87 crore

FMCG firm Jyothy Labs Ltd reported a 4 percent decline in its consolidated net profit to Rs 87 crore ($10 million) for the third quarter ending December 2024, as against Rs 91 crore in the year ago quarter.

The company’s revenue for the quarter rose by 4 percent to Rs 704 crore, as against Rs 677 crore in the corresponding quarter of the previous fiscal year.

During the quarter, the personal care segment contributed revenue of Rs 70 crore to the company’s overall revenue.

Commenting on the results, M R Jyothy, chairperson managing director of Jyothy Labs Ltd in a statement said, “At the nine-month mark in the current financial year, 7.2% volume growth indicates that our strategic approach and initiatives can keep up the growth momentum even when the external environment is not so conducive. On the back of our sourcing and other operational efficiencies, we were able to deliver an EBITDA margin of 16.4% in the quarter.”

“We continue to work towards strengthening our brands, deepening our distribution network and expanding our direct retail presence while extracting more volume from the existing channel(s). Volume growth will be a key metric for us as we focus on both rural and urban segments through targeted innovation and a strengthened distribution network,” Jyothy added.

Founded in 1983, Jyothy Labs owns ten brands across categories with a strong presence in the personal care segment.