The company expects that the government's push towards raising rural incomes will result in a growth in rural consumption which the company is likely to benefit from
EBITDA margins for the quarter improved 710 bps to 17.1 per cent against 10 per cent in a year ago quarter, due to moderating input costs.
The fast moving consumer goods (FMCG) sector is expected to see a 'significant growth' in FY24 with rural demand showing improvement and inflation beginning to moderate, said Jyothy Labs in its latest annual report. The urban demand continues to remain steady, the report said. Growth is "fuelled" by large packs as there is a distinct trend of consumers upgrading to medium and high-value packs for its various key FMCG categories, said Jyothy Labs, maker of branded products like Ujala, Henko, Margo, Exo and Pril. "In this pack size transition has been observed in beverages, personal care, and branded product categories. Now that input prices have exhibited a downward trend and end-consumers have sufficient purchasing power, FMCG businesses are likely to experience an increase in the volume of demand and consequently volume-led growth this year," it said. The urban demand is steady now and the rural market is "increasingly exhibiting signs of normalcy" helped by easing inflation and .
Notwithstanding the lockdowns due to the second wave of Covid-19 pandemic, the FMCG sector grew by 36.9 per cent in the April-June quarter of 2021.
Its revenue from operations rose 10.42 per cent to Rs 546.71 crore during the period under review from Rs 495.11 crore in the year-ago period
Nalanda India Equity Fund Ltd on Monday bought FMCG company Jyothy Laboratories' shares worth Rs 96 crore through an open market transaction. According to bulk deal data available with BSE, Nalanda India Equity Fund Ltd purchased 62,00,000 shares at an average price of Rs 154.98 apiece, taking the transaction size to Rs 96.08 crore. Meanwhile, Emblem FII sold 60,89,056 shares at an average price of Rs 155 per piece. The scrip of Jyothy Labs closed 4.40 per cent higher at Rs 151.75 on BSE. In a separate transaction, Authum Investment & Infrastructure Ltd offloaded 10 lakh shares of snack food company ADF Foods for Rs 70 crore via an open market transaction. According to bulk deal data available with BSE, Authum Investment & Infrastructure Ltd sold 10,00,000 shares of ADF Foods at an average price of Rs 700.07 per piece, aggregating to Rs 70 crore. Sixth Sense India Opportunities III picked up 9,20,000 shares at an average price of Rs 700.67 per scrip. The shares of ADF Foods ...
The Mumbai-based company, which is witnessing rural sales picking up fast, would continue to introduce one new product every quarter
The stock moved higher by 11% to Rs 437, extending its previous day's 5% rally on the BSE, quoting close to its all-time high of Rs 441 recorded on September 19, 2017 on the BSE in intra-day trade.
The stock moved higher by 7% to Rs 398 after the company said the board has recommended issue of bonus shares in the ratio of 1:1 i.e. one bonus share for every one share held on the record date.
Says not looking for strategic investment, but want alliances in research, development, technology
The company looks to expand its cache of personal care products and cash in on the growing consumer preference for herbal-naturals
The stock rallied 15.7% to Rs 427, also its record high on BSE in intra-day trade.
Its net sales rose 12.39% to Rs 445.21 crore in the fourth quarter of 2015-16, as against Rs 396.12 crore in the year-ago period, JLL said in a BSE filing
Company recommended interim dividend of Rs 4 per equity share of Re 1 each for the financial year 2015-16