Jyothy Laboratories Q3 net jumps 63% to Rs 27 cr

Company had posted a standalone net profit of Rs 17 crore during the same period of the previous fiscal

Homegrown FMCG firm Jyothy Laboratories Ltd today reported a 63.11% increase in its standalone net profit to Rs 27.37 crore for the third quarter ended December 31, 2013.

The company had posted a standalone net profit of Rs 16.78 crore during the same period of the previous fiscal, Jyothy Laboratories Ltd (JLL) said in a statement.

Net sales of the company stood at Rs 296.98 crore for the quarter as compared with Rs 234.20 crore in the year-ago period.

Commenting on the results, Jyothy Laboratories CMD M P Ramachandran said: "Increase of geographical footprints of our seven power brands has helped us grow at fast pace. We have strategically concentrated on investing in our brands through advertising campaigns and brand extension which is paying off well."

He further said Jyothy Laboratories would continue to expand its product portfolio.

Jyothy Laboratories markets various brands, including Ujala, Maxo, Exo, pril, Margo, Fa, Mr White and Henko.

Shares of Jyothy Laboratories were trading at Rs 197.45 per scrip on the BSE, up 1.10% from the previous close.