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18.2% increase in Jyothy Lab’s net profit

Published in Corporate Saturday, 30 January 2021 16:46

 

Mumbai, Jyothy Labs Limited, one of the leading Indian FMCG companiesannounced  its financial results for the quarter ended 31December2020. The Company delivered sales of ₹477crores, increase of 13.3% value growth (FMCG sales grew by 15.1% while volume grew by 15%) against the same period previous year.

The revival of the consumer sentiment is reflecting in Company’s performance across our brand portfolio. We have been focussing on innovative measures to cater to consumer demands and strengthening distribution led by digital technology across channels.  Additionally, the Company’s strategic investments in increasing advertisement spends to strengthen the core brands backed by cost rationalisation and product innovation have been at the forefront of driving growth.
       
During the quarter there was demand acceleration in the General Trade and Ecommerce Platform with gradual recovery in Modern Trade stores (‘MT’) and Canteen Stores Department (‘CSD’) operations. The growth during the quarter was aided by strong rural demand and improving urban consumption trends.

FINANCIAL HIGHLIGHTS(Q3FY2021 results over same period last year)
•    Net Sales at Rs. 477Crores, up by 13.3% (FMCG Sales Volume up by 15%)
•    EBITDA improved from 15.8% to 16.7% at Rs. 79.8 Crores, up by 20.3%
•    Net Profit at Rs. 53.2 Crore -increased by 18.2%.

FINANCIAL HIGHLIGHTS (9MFY2021 results over same period last year)
•    Net Sales at Rs. 1414 Crores, up by 7.3% (FMCG Sales Volume up by 9.8%)
•    EBITDA improved from 16% to 17.2% at Rs. 243.6 Crores, up by 15.7%
•    Net Profit at Rs. 163.4 Crores increased by 20.1%. 

SEGMENT PERFORMANCE
FABRIC CARE -Fabric Whitener,Fabric Enhancer, Bar Soap andDetergent Powder.
Fabric Care sales increased by 2.3%for Q3FY2021 over same period last year.  The usage of Post Wash Category especially Ujala Fabric Whitener have seen sequential improvement every month.



DISHWASHING - Dish Wash Bar, Liquid, Gel, Powder and Scrubbers.
Dishwashing sales increased by 21.1%for Q3FY2021.  The growth is backed by increased in-home consumption, greater emphasis on hygiene and strong distribution focus across all channels.

Further, smaller pack focus has enabled an unlock of existing opportunities in large rural markets thereby propelling brand onto a growth trajectory.

HOUSEHOLD INSECTICIDES -Mosquito Repellent Coil, Incense Sticks and Liquid Vaporizer.
Household Insecticides sales increased by 10% for Q3FY2021. This was as a result of consumers adopting a preventive approach towards health and brand Maxo gaining momentum due to its unique offering.

PERSONAL CARE -Body Soap,Face Wash, Hand Wash, Sanitizer andToothpaste.
Personal CareSales have increased by 48.2% for Q3FY2021 over same period last year.  Our Neem based Margo portfolio of Soaps, Facewash, Handwash and Sanitizers continues to register good growth with ongoing consumer preference for products made from natural ingredients.

Commenting on the financial performance of Q3FY2021, Ms. M R Jyothy, Managing Director, Jyothy Labs Limited said “ We are seeing momentum across our business segments. Our focus on execution, strengthening brandswith enhanced media support and geographical expansion has delivered strong sales and profitable growth.
With the strength of our product portfolio in collaboration with all our stakeholders, we are confident that we will consistently enhance our market share across the business segmentsand deliver on our full business potential.’’

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