FMCG maker Jyothy Labs Ltd reported a 59 percent jump in consolidated net profit at Rs 104 crore ($12.5 million) for the second quarter, as against Rs 65 crore in the year-ago period.
The company’s revenue for the quarter rose to Rs 732 crore, as against Rs 659 crore in the second quarter of the last fiscal year.
Jyothy Labs total expenses in the second quarter were higher at Rs 610 crore, as against Rs 595 crore in the same period a year ago.
Commenting on the results, M R Jyothy, managing director of Jyothy Labs in a statement said, “The demand across our product portfolio has been stable. The inflationary environment has been a constant pressure on the consumption of FMCG products.”
“Given our business potential, we continue to expand our distribution footprint across India and further strengthen our brands which has resulted in consistent business growth,” she added.
Founded in 1983, Jyothy Labs owns ten brands across categories with a strong presence in the personal care segment.
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