Jyothy Lab Q2 net up 54% at over Rs 38 crore

Home and personal care firm Jyothy Laboratories Ltd (JLL) today reported 54.3% increase in consolidated net profit at Rs 38.77 crore for the second quarter ended September 30, 2015-16.

It had posted net profit of Rs 25.13 crore in the same period of last financial year, 2014-15.

The company's net sales in the quarter under review stood at Rs 400.73 crore, up 8.9%, as against Rs 367.67 crore in same period last year, Jyothy said in a BSE filing.

Jyothy Laboratories Chairman & Managing Director M P Ramachandran said, "Second quarter 2015-16 was a better quarter with the company reporting higher growth in profitability. Most of our power brands outperformed the market and helped further strengthen our position."

During the quarter, JLL's revenues of soaps and detergent business grew by 7.3% at Rs 294.55 crore while revenue of home care business increased by 16.3% to Rs 92.69 crore. Jyothy's brands include Margo, Henko, Ujala and Exo.

Shares of the company were trading 1.30% up at Rs 315.95 apiece on the BSE.