Jyothy Laboratories Ltd. Q2FY17 (Consolidated)

Editor Synopsis

Q2FY17 v/s Q2FY16

• Net Sales at Rs. 433.49 crore v/s Rs. 406.50 crore, up 6.64%

• Net Profit at Rs. 32.02 crore v/s Rs. 19.87 crore, up 61.20%

• Operating EBIDTA margin at 14.82% v/s 13.64%

• Basic EPS at Rs. 1.77 v/s Rs. 1.10

H1FY17 v/s H1FY16

• Net Sales at Rs. 887.46 crore v/s Rs. 825.84 crore, up 7.46%

• Net Profit at Rs. 77.93 crore v/s Rs. 45.61 crore, up 70.85%

• Operating EBIDTA margin at 16.36% v/s 15.07%

• Basic EPS at Rs. 4.30 v/s Rs. 2.52

Jyothy Laboratories Ltd. (JLL), the Indian FMCG company, today reported a Net Sales of Rs. 433.49 crore for the quarter ended September 30^th, 2016 up 6.64% as against Rs. 406.50 crore for the corresponding quarter last year. During the same period, the Net Profit stood at Rs. 32.02 crore, as against Rs. 19.87 crore; up 61.20%.

The Operating EBIDTA margin for the quarter stood at 14.82% as against 13.64% reported in Q2FY16. The company reported Basic EPS of Rs. 1.77 as against Rs. 1.10 in the corresponding quarter of last year.

For the six months period, JLL reported Net Sales of Rs. 887.46 crore, up 7.46% as against Rs. 825.84 crore during the first half of FY16. Net Profit for H1FY17 stood at Rs. 77.93 compared to Rs. 45.61 crore compared to corresponding period of previous fiscal; up 70.85%.

The Operating EBIDTA margin for the six months period to September 30^th, 2016 was at 16.36% as against 15.07% reported in H1FY16. The company reported EPS of Rs. 4.30 as against Rs. 2.52 in the corresponding period last year.

Consolidated Segmental Performance (Q2FY17 v/s Q2FY16)

• Fabric Care: Includes Fabric Whitener, Fabric Enhancer, Bar Soap, Detergent Powder

• Revenues for the quarter ended September 30th 2016 stood at Rs. 175.99 crore, up 3.26% compared to Rs. 170.44 crore in Q2FY16. Segment Results for the same period stood at Rs. 33.14 crore over Rs. 26.55 crore reporting a rise of 24.82%.

• Dishwashing: Includes Dish Wash Scrubber and Scrubber Steel, Dish Wash Bar, Liquid and Powder

• Revenues for the quarter ended September 30th 2016 stood at Rs. 129.87 crore up 12.18% as against Rs. 115.77 crore. Segment Results for the same period were recorded at Rs. 16.12 crore, as against Rs. 12.42 crore in Q2FY16 posting a growth of 29.79%.

• Household Insecticides: Includes Mosquito Repellent Coil, Liquid and Card

• Revenues for the quarter ended September 30th 2016 stood at Rs. 67.57 crore as against Rs. 64.53 crore, up 4.71%. Segment Results for the same period were recorded at Rs. 3.36 crore, as against Rs. 3.41 crore in Q2FY16, an decrease of 1.47%.

• Personal Care: Includes Body Soap, Face Wash, Toothpaste, Deo Classic, Talcum Powder, After Shave, Moisturizer

• Revenues for the quarter ended September 30^th 2016 stood at Rs. 36.48 crore up 1.36% as against Rs. 35.99 crore. Segment Results for the same period were recorded at Rs. 7.11 crore, as against Rs. 4.94 crore in Q2FY16, an increase of 43.93%.

Commenting on the performance, Mr. M. P. Ramachandran - Chairman & Managing Director, Jyothy Laboratories Ltd. said, “The first half of the current financial year has been in line with our expectations. With a normal monsoon this year coupled with increased government spending, we are confident of improvement in the consumption scenario in the coming quarters.”

“On the product front, the initial launch of Crisp & Shine witnessed a good response amongst the consumers from Tamil Nadu. We are confident of replicating the same in the newer markets as well. Besides, we continue to invest behind our brands and continue to focus on increasing our market share across categories without compromising our margins,” he further added.

About Jyothy Laboratories

Jyothy Laboratories Ltd., a fast moving consumer goods Company was founded in 1983 by Mr. M. P. Ramachandran. Over the years the company has evolved from a single product proprietary firm into a multi brand, BSE & NSE listed company involved in the manufacturing and marketing of products in fabric care, mosquito repellant, surface cleaning, personal care and incense sticks.

The company boasts of 10 brands in its kitty including Ujala, Maxo, Exo, Henko, Pril, Margo, Neem, Chek and Mr. White that are well-known and established brands in their respective categories.

The company is also engaged into service sector in organized laundry to provide “World class laundry at affordable price at your doorstep” through its subsidiary ‘Jyothy Fabricare Services Limited’.

To view, Jyothy Laboratories - Q2FY17 Results Table