Q3FY24 Quarterly & 9MFY24 Result Announced for Jyothy Labs Ltd.
Personal Products company Jyothy Labs announced Q3FY24 & 9MFY24 results: Q3FY24 vs Q3FY23: Net Sales at Rs. 678 crore, up by 10.6% EBITDA margin at 17.5% (Rs 118.6 crore) versus 13.8% (Rs 84.4 crore), up by 40.6% Net Profit at Rs 90.9 crore from Rs 67.4 crore, up by 34.9% 9MFY24 vs 9MFY23: Net Sales at Rs. 2097 crore, up by 12.2% EBITDA margin at 17.7% (Rs 371.4 crore) versus 12.0% (Rs 224.6 crore), up by 65.4% Net Profit at Rs 291.2 crore from Rs 180.5 crore, up by 61.3% Commenting on the financial performance of Q3FY24, M R Jyothy, Managing Director, Jyothy Labs said, “The performance for the quarter has been encouraging with double-digit revenue growth and expanding profitability metrices. Our results in the last few years have demonstrated consistent growth backed by our investment towards strategic brand building, enhancing direct distribution, and manufacturing capacity augmentation. Consumer demand has been mixed with rural growth yet to pick up momentum. We strive towards volume-led growth, strengthen our brand market share, and achieve the higher scale of business operations for sustainable long-term value creation for all stakeholders”. Result PDF31-01-2024