Bhartia brothers wealthier by Rs 60 bn as stocks rally on improved profits

Shyam S Bhartia and Hari S Bhartia, the brothers who manage the Jubilant Bhartia group, are indeed jubilant. After a rough patch, the two main businesses of the group — pharma (Jubilant Life Sciences) and foods (Jubilant FoodWorks) — are making a strong comeback. 

Jubilant Life Sciences, the bigger of the two businesses, posted its best quarterly profit of Rs 2.13 billion in the December quarter, up 78 per cent year-on-year (YoY). The consolidated revenue for the quarter expanded by 42 per cent to a record Rs 20.68 billion. Both profit and revenue were above analyst estimates. The firm has also