JHS Svendgaard Q2 net jumps 449%, revenue up 184%

For the Quarter

• Net sales increased by 183.51% to Rs. 34.25 cr.
• PAT increased by 449.22% to Rs. 4.37 cr.
• EPS increased by 400% to Rs. 3.05

For the Half Year

• Net sales increased by 235.54% to Rs. 65.24 cr.
• PAT increased by 406.36% to Rs. 7.63 cr.
• EPS increased by 355.17% to Rs. 5.28

India’s largest manufacturer of Toothbrushes with an installed capacity of 270 Million toothbrushes per annum, JHS Svendgaard Laboratories Ltd, today reported a four times increase in quarterly profit & tremendous increase in revenue numbers with a 183.51% rise in revenue and a massive 449.22% jump in the net profit for the quarter ended September 30th, 2010.

While the company saw its net profit touching Rs. 4.37 cr for 2nd Quarter, the net sales increased by nearly 184 per cent to Rs 34.25 cr in the reporting quarter.

The Managing Director, Mr. Nikhil Nanda, JHS Svendgaard Laboratories Ltd. commenting on the performance said, “We are seeing a strong demand environment across our industry verticals. Due to this we have gained substantially over the past few months which have helped us expand our revenue and profit base. We expect that the same trend will continue & hope to see a good set of numbers in the next quarter as well. The company has tied up with an MNC amongst world’s largest FMCG manufacturer, to manufacture detergent. JHS has set up 1,10,000 sq. ft. state-of-the-art technology plant with an investment of Rs. 50 cr investment in Kalaamb, Himachal Pradesh, to exclusively manufacture detergents for the MNC. We expect this move to boost more demand from our customers. We hope to receive the shareholders support in future as well.”

About JHS Svendgaard Laboratories Ltd
JHS Svendgaard Laboratories Ltd, the largest manufacturer of Toothbrushes with an installed capacity of 250 Million toothbrushes per annum is India’s only integrated facility providing solutions for outsourcing of Oral care products including toothbrushes, Toothpaste, Mouthwash. JHS has over the years emerged as a preferred supplier for its existing and potential new customers for the various advantages it offers to its customers.

JHS started its business in the year 1997 by manufacturing toothbrushes. Realizing the vast growth potential for the oral care market in India, coupled with a ready open market globally, JHS ventured in uprising  Dental care service sector through its wholly owned subsidiary, JHS Svendgaard Dental care Limited, in October 2007, with the purpose to set up state-of-art dental clinics in brand name of “T 32 Dental Spa” across the country. The two initial centers of T 32 were inaugurated in South Delhi followed by a Rajouri Garden centre and the chain is expanding with more upcoming clinics in Delhi NCR in initial phases followed by its spread across the country.