Jyothy Laboratories Q4 net up over two-fold at Rs 29.16 crore

Tags: Companies
Jyothy Laboratories today reported over two-fold increase in its net profit at Rs 29.16 crore for the fourth quarter ended March 31, 2014, mainly on the back of robust sales in soaps and detergent segment.

The company had posted a net profit of Rs 11.81 crore during the same period of previous fiscal, Jyothy Laboratories Ltd (JLL) said in a filing to the BSE.

Net sales of the company rose by 21.23 per cent to Rs 329.91 crore in the fourth quarter, as against Rs 272.12 crore in the same period of previous financial year.

Commenting on the result, JLL CMD MP Ramachandran said: "We have sustained our growth momentum despite inflationary pressures, rising input costs and moderation in demand. Going forward, we expect growth rate to sustain on the sales and margin front. We continue to enhance our market share in the urban market, without losing our focus in the rural market."

During the period under review, the company's soaps and detergent business, which includes brands like Ujala and Henko, posted sales of Rs 227.77 crore, up 24.49 per cent as against Rs 182.95 crore in the same period of previous fiscal.

The company's home care business, which includes products such as mosquito coils, reported sales of Rs 99.06 crore for during the quarter under review, up 18.02 per cent from Rs 83.93 crore during the year-ago period.

Shares of Jyothy Laboratories were trading at Rs 208 apiece on the BSE, up 3.48 per cent from their previous close.

EDITORIAL OF THE DAY

  • Mergers apart, Sebi must also allow fund houses to offer diverse products

    The Securities and Exchange Board of India’s (Sebi’s) reported push for merger of open-ended mutual fund schemes is a logical step, as there is li

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Arun Nigavekar

Can Hefa actually become a reality?

The ministry of human resource development (MHRD) is actively wo­rking ...

Rajgopal Nidamboor

Creativity is that divine luminosity

Creativity or ingenuity, isn’t a licence limited to ‘functioning’ minds ...

Dharmendra Khandal

No one's getting rich overnight by poaching

We often read in newspapers that tiger skin worth Rs ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture