Jyothy Labs Ltd reports Q2 net profit of Rs 105 crore

Jyothy Labs Ltd reported a marginally increase of one percent in net profit to Rs 105 crore ($12.5 million) in the second quarter of the current financial year, as against Rs 104 crore in the same period last year.

The company’s revenue for the quarter also increased slightly at Rs 733 crore as compared to Rs 732 crore in the second quarter of the last fiscal year.

During the quarter, the company’s revenue from the personal care segment declined by 5 percent compared to last year.

It plans to launch dedicated campaigns for its brand Margo Neem Naturals to boost brand visibility and consumer engagement to fuel its growth in the coming quarters.

Commenting on the results, M R Jyothy, chairperson managing director of Jyothy Labs Limited in a statement said, “Our EBITDA of 18.9% for the quarter indicates better operational efficiency. At the half-year mark, our 7% volume growth indicates that our strategic approach and initiatives can keep up the growth momentum. The growth in the market share of our brands highlights the consumer trust they have built.”

“Going forward, our strategy includes deepening our distribution network in rural markets and expanding our direct retail presence. 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,” she added.

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