INDIAN NEWS & TIMES

Monday, January 30, 2023

Jyothy Labs Limited, one of the leading Indian FMCG companies announced today its financial results for the quarter ended December 31, 2022. The Company delivered sales of           Rs 613 crores, increase of 13.7% growth against the same period last year.

The Company continues to deliver consistent double digit revenue growth for the quarter as well as on a 2 year CAGR basis.  The business has been resilient inspite of high commodity inflation impacting the consumption across categories. 

We have been focussed only on execution to drive higher operating revenues and manage margins in the inflationary environment. Our strategy is to build scale and gain market share backed by our enhanced distribution including reaching out to newer geographies, increase brand visibility and product innovation initiatives. 

Our overall growth across all channels and markets have been encouraging and affirmative.

FINANCIAL HIGHLIGHTS (Q3FY2023 results over same period last year)

·         Net Sales at Rs. 613 Crores, increased by 13.7%

·         EBITDA margin at Rs. 84.4 Crores (13.8% of Net sales), increased by 37.9%

·         Net Profit at Rs 67.4 Crores, increased by 77.2%