Jyothy Labs Q3 net profit jumps 35 percent to Rs 91 crore | Maqvi News

Jyothy Labs reported a 35 percent rise in consolidated net profit to Rs 91 crore ($11.3 million) for the December quarter, as against Rs 67 crore in the corresponding quarter of the previous fiscal year.

The company’s revenue rose by 11 percent at Rs 677 crore, as against Rs 613 crore in the year-ago quarter.

Jyothy Labs total expenses during the quarter rose to Rs 573 crore, as against Rs 544 crore in the year-ago period.

Commenting on the results, M R Jyothy, managing director in a statement said, “The performance for the quarter has been encouraging with double digit revenue growth and expanding profitability metrices. Our results in the last few years have demonstrated consistent growth backed by our investment towards strategic brand building, enhancing direct distribution and manufacturing capacity augmentation.”

“Consumer demand has been mixed with rural growth yet to pick up momentum. We strive towards volume led growth, strengthen our brands market share, and achieve higher scale of business operations for sustainable long term value creation for all stakeholders,” Jyothy added.

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