Jyothy Labs Q3 Net Profit Surges 34.9% to ₹90.9 Crore, Revenue Grows 10.6%

31 Jan 2024 , 01:45 PM

Jyothy Labs reported a consolidated net profit of ₹90.9 crore for Q3 FY24, marking a 34.9% YoY growth. Revenue stood at ₹677.5 crore, up by 10.6% from ₹612.7 crore in the same quarter of the previous year.

Earnings before interest, tax, depreciation, and amortization (EBIDTA) for the quarter reached ₹118.6 crore, growing by 40.6%. EBIDTA margin improved to 17.5% from 13.8% YoY.

The demand landscape has been varied due to elevated inflation, leading to a reduction in consumer spending and intensified competition, emphasizing the importance of volume growth.

Recovery in demand in rural India has been slow, but stabilized input prices have contributed to maintaining margins. Increased advertising and promotional spending aims to expand market share across the product range.

Ongoing investments in digital and environmental, social, and governance (ESG) initiatives demonstrate the company’s commitment to sustained and responsible growth.

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