Jyothi Labs sales grow 26% at Rs495cr in Q4; Stock ends 1% higher

Net profit rose 2.6% to Rs23.5cr. The company said it posted good results backed by recovery across all channels.

May 18, 2021 3:54 IST | India Infoline News Service
Jyothy Laboratories
FMCG company, Jyothy Labs Limited, today announced its financial results for the quarter ended March 31, 2021. The company delivered sales of Rs495cr, increase of 26% value growth (FMCG sales grew by 27.3%) against the same period last year. EBITDA improved to 14.3% from 10.3% at Rs70.9cr, up by 74.8%.

The company’s Profit before tax and exceptional item stood at Rs56.3cr, up by 142.4%. Net Profit was at Rs27.3cr after exceptional item of Rs23.5cr, up by 2.6% (Exceptional Item pertains to excise duty receivable for previous years of Rs23.5 crores written off pursuant to change in the government policy).

The company said, it posted good results backed by recovery across all channels. Although the quarter had an impact of the second wave lockdown, the commitment from all stakeholders delivered healthy overall performance.

In the financial year, FY21, the company’s net sales stood at Rs1909cr, up by 11.6% (FMCG Sales up by 13.1%). EBITDA improved to 16.5% from 14.7% at Rs314.5cr, up by 25.3%. Profit before tax and exceptional item at Rs258.1cr, up by 39.3%. Net Profit at Rs190.7cr after exceptional item of Rs23.5cr, increased by 17.3%.

The Board of Directors of the company have recommended a dividend of Rs4 per equity share of Rs1 each for the year ended March 31, 2021.

“We started this year with a positive note inspite of challenges faced due to the ongoing pandemic. Our performance for the year have been satisfactory backed by brand launches and improvement in market share across categories.

We have been focusing on innovations and product differentiation and we believe that this will have a long term benefit for us. We have been witnessing a good traction across segments and are aligned to achieve higher growths,” M R Jyothy, Managing Director, Jyothy Labs Limited, said.

Jyothy Labs Ltd ended at Rs150.70 per piece up by Rs1.6 or 1.07% from its previous closing of Rs149.10 per piece on the BSE.

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