Jyothy Labs Net Profit at Rs 60.1 crore, Increased by 12.2 % in the Quarter ended September

MUMBAI:
Jyothy Labs Limited, one of the leading Indian FMCG companies announced today its financial results for the quarter ended 30 September 2020. The Company delivered sales of ₹ 504 crores, increase of 6.2% value growth (FMCG sales grew by 7.6% while volume grew by 8.5%) against the same period previous year.

The revival of the consumer sentiment has been reflected in the Company’s performance across our brand portfolio. We have been focussing on volume led sales growth, brand building, product innovation and cost rationalisation measures leading to sustainable profitable growth. There is strong demand acceleration in the General Trade and Ecommerce Platform while Modern Trade stores (‘MT’) and Canteen Stores Department (‘CSD’) operations are still facing issues on the ground.

With the company’s dedicated strong distribution network, on ground sales teams and strong leadership, Jyothy Labs has been able to bounce back in the most strategic manner along with re-establishing and strengthening its brand identities. Jyothy Labs has further boosted its promotional activities and media spends to support full business potential of its brands and distribution.

FINANCIAL HIGHLIGHTS (Q2FY2021 results over same period last year)
 Net Sales at Rs. 504 Crores, up by 6.2% (FMCG Sales Volume up by 8.5%)
 EBITDA improved from 16.6% to 17.3% at Rs. 87.4 Crores, up by 11.1%
 Net Profit at Rs. 60.1 Crores, increased by 12.2%.

FINANCIAL HIGHLIGHTS (H1FY2021 results over same period last year)
 Net Sales at Rs. 937 Crores, up by 4.5% (FMCG Sales Volume up by 7.3%)
 EBITDA improved from 16.1% to 17.5% at Rs. 163.8 Crores, up by 13.6%
 Net Profit at Rs. 110.1 Crores, increased by 21.1%.

SEGMENT PERFORMANCE
FABRIC CARE – Fabric Whitener, Fabric Enhancer, Bar Soap and Detergent Powder. Fabric Care sales declined by 11.7% for Q2FY2021 and 17.6% for H1FY2021. The usage of Post Wash Category especially Ujala Fabric Whitener have seen sequential improvement every month and has reached pre-covid levels.

DISHWASHING – Dish Wash Bar, Liquid, Gel, Powder and Scrubbers. Dishwashing sales increased by 23.6% for Q2FY2021 and 20.4% for H1FY2021 as in-home consumption has increased, resulting in increase in demand for our entire dishwash portfolio backed by greater emphasis on hygiene. Exo, India’s first Anti-bacterial dishwash brand has seen a good growth with consumers both in urban and rural markets.

HOUSEHOLD INSECTICIDES – Mosquito Repellent Coil, Incense Sticks and Liquid Vaporizer. Household Insecticides sales increased by 22.6% for Q2FY2021 and 66.3% for H1FY2021. This was as a result of consumers adopting a preventive approach towards health. Maxo Genius India first Automatic Liquid Vaporiser Machine continues to register good growth given its unique offering.

PERSONAL CARE – Body Soap, Face Wash, Hand Wash, Sanitizer and Toothpaste. Personal Care Sales have increased by 14.5% for Q2FY2021 and 7.2% for H1FY2021 over same period last year. Our Neem based Margo portfolio of Soaps, Facewash, Handwash and Sanitizers are positioned to witness strong demand as hygiene is of utmost importance for consumers. We continue to witness increase in demand especially of smaller SKU’s leading to higher penetration with new users.

Commenting on the financial performance of Q2FY2021, M R Jyothy, Managing Director, Jyothy Labs Limited said  “Every Crisis is an opportunity for a Company to recommit itself.  Our focus on Execution combined with our portfolio comprising of daily use ‘Essential Hygiene’ has delivered strong sales and profitable growth. The confidence of consumers, dedication of our employees and business partners strives us to do better and positions us to take advantage of our full business potential.  The Company is well positioned and committed to deliver sustainable volume led profitable growth through focus on strengthening the overall franchise’’