Jyothy Lab Q1 profit up 72% to Rs 42.46 crore

Tags: Companies
Jyothy Laboratories today reported a 72 per cent increase in its net profit at Rs 42.46 crore for the first quarter ended June 30, 2014.

The company had posted a net profit of Rs 24.69 crore during the same period of the previous fiscal, Jyothy Laboratories Ltd (JLL) said in a filing to the BSE.

Net sales of the company rose 16 per cent to Rs 385.14 crore in the first quarter, compared with Rs 332.58 crore in the same period last year.

Commenting on the result, JLL CMD MP Ramachandran said: "Jyothy continues to deliver superior value and strong performance through various measures such as healthy innovation pipeline, aggressive brand investment and focus on improvement of margin."

During the period under review, the company's soaps and detergent business, which includes brands like Ujala and Henko, posted sales of Rs 304.52 crore, up 18 per cent as against Rs 257.66 crore in the same period a year ago.

The company's home care business, which includes products such as mosquito coils, reported sales of Rs 67.30 crore during the quarter under review, up 15 per cent from Rs 58.65 crore during the year-ago period.

Shares of Jyothy Laboratories were trading at Rs 189.70 apiece on the BSE, up 3.46 per cent from the previous close.

EDITORIAL OF THE DAY

  • The government must no longer handhold state-owned banks

    Every year, successive finance ministers are compelled to top up capital levels in state-owned banks.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

BK Chaturvedi

Time to get our energies together

Energy needs of the economy are growing rapidly with rising ...

Kuruvilla Pandikattu SJ

Science & religion go hand in hand

A PJ Abdul Kalam (1931 –2015), the 11th president of ...

Dharmendra Khandal

Go spot a gecko

Iam sure you must have read about how a lizard ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture