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Jyothy Laboratories Q3 FY16 Net Profit increases by 47.4% to Rs 38.99 crore

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Jyothy Laboratories Q3 FY16 Net Profit increases by 47.4% to Rs 38.99 crore

Jyothy Laboratories Ltd  (JLL) has released its Q3 FY16 report, which shows a Net Profit of Rs 38.99 crore, as against Rs 26.46 crore; up by 47.4%.

The company reported Net Sales of Rs 384.79 crore for the quarter ended December 31st, 2015 as against Rs 356.37 crore for the corresponding quarter last year, a rise of8%. The EBIDTA margin for the quarter was at 13.9% as against 13.5% reported in Q3 FY15.

For the nine months period, JLL reported Net Sales of Rs 1,199.52 crore compared to Rs 1,109.18 crore during the corresponding fiscal last year, a rise of 8.1%. Net Profit for 9MFY16 stood at Rs 122.34 crore compared to Rs 94.06 crore; up 30.1%.

The EBIDTA margin for the nine months period ended December 31st, 2015 was at 14.8% as against 12.6% reported in 9M FY15. The company reported EPS of Rs 6.75 as against Rs 5.20 of previous year.

Revenues of Soaps and Detergent business, which includes brands like Ujala, Henko,Exo, Pril, Margo, Mr. White and Chek stood at Rs 287.25 crore in Q3 FY16 compared to Rs. 276.81 crore in Q3 FY15, up 3.8%.

Home Care, which includes mosquito repellent Maxo, Incense sticks and Exo scrubber, witnessed revenues to the tune of Rs 81.94 crore in Q3 FY16 as against Rs 65.50 crore during the same period last year, up 25.1%.

Commenting on the results, M P Ramachandran, Chairman & Managing Director, Jyothy Laboratories Ltd said, “Q3 FY16 has been a good quarter for us. With increased investment in our brands and differentiated product offering we are well poised to strengthen our position in the market. The next year is expected to see a host of brand activities from the house of Ujala. We will also continue to invest in our power brands to improve consumer mindshare and capitalize on our new offerings.

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