FMCG company Jyothy Laboratories has reported a 72 percent growth in first quarter consolidated net profit at Rs 42.5 crore on higher revenue and lower finance cost but impacted by high expenses. Profit in the year-ago period was Rs 24.7 crore.
Consolidated net sales grew by 15.8 percent to Rs 385 crore in the quarter ended June 2014 from Rs 332.6 crore in same quarter last year led by growth in both soaps and detergent (includes brands like Ujala, Henko, Exo etc), and home care (products like mosquito repellant Maxo, Exo rubber etc) businesses.
With a clear and differentiated positioning to gain greater consumer mindshare and enhanced focus, we are extremely optimistic about FY15."said MP Ramachandran, chairman and managing director.
The company said the operating profit margin declined to 13.5 percent during the quarter from 14.4 percent in the year-ago period due to higher expenses.
Consolidated net sales grew by 15.8 percent to Rs 385 crore in the quarter ended June 2014 from Rs 332.6 crore in same quarter last year led by growth in both soaps and detergent (includes brands like Ujala, Henko, Exo etc), and home care (products like mosquito repellant Maxo, Exo rubber etc) businesses.
With a clear and differentiated positioning to gain greater consumer mindshare and enhanced focus, we are extremely optimistic about FY15."said MP Ramachandran, chairman and managing director.
The company said the operating profit margin declined to 13.5 percent during the quarter from 14.4 percent in the year-ago period due to higher expenses.
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