Jyothy Lab Q1 profit up 72% to Rs 42.46 crore

Jyothy Laboratories today reported a 72% increase in its net profit at Rs 42.46 crore for the first quarter ended June 30, 2014.

The company had posted a net profit of Rs 24.69 crore during the same period of the previous fiscal, Jyothy Laboratories Ltd (JLL) said in a filing to the BSE.

Net sales of the company rose 16% to Rs 385.14 crore in the first quarter, compared with Rs 332.58 crore in the same period last year.

Commenting on the result, JLL CMD MP Ramachandran said: "Jyothy continues to deliver superior value and strong performance through various measures such as healthy innovation pipeline, aggressive brand investment and focus on improvement of margin."

During the period under review, the company's soaps and detergent business, which includes brands like Ujala and Henko, posted sales of Rs 304.52 crore, up 18% as against Rs 257.66 crore in the same period a year ago.

The company's home care business, which includes products such as mosquito coils, reported sales of Rs 67.30 crore during the quarter under review, up 15% from Rs 58.65 crore during the year-ago period.

Shares of Jyothy Laboratories were trading at Rs 189.70 apiece on the BSE, up 3.46% from the previous close.