India's Jyothy Labs falls on lower quarterly profit

Jyothy Labs

05/05/2026 05:26

** Shares of Jyothy Labs down 4.3% at 256.4 rupees

** Fabric-care to dish wash soap maker posts 11.5% lower March-qtr profit at 675.2 million rupees ($7.08 million) due to higher raw material prices

** March-qtr rev from ops rises 7.5% to 7.17 billion rupees

** Investec ("Buy"; PT: 329 rupees) says near term margins are likely to remain under pressure; expects 10% inflation on cost of goods sold for FY27E

** Brokerage adds that an earnings recovery is likely in FY28E on strong volume growth

** Stock rated as "Buy" by 11 analysts; median PT at 320 rupees per data compiled by LSEG

** YTD, stock down 9.5%

($1 = 95.3375 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

((Mridula.Kumar@thomsonreuters.com;))