India's Jyothy Labs jumps on rise in Q3 earnings

Jyothy Labs

25/01/2023 08:22

** Shares of fast-moving consumer goods firm Jyothy Labs
 JYOI.NS  rise as much as 4.51% to 211.90 rupees, highest in
over a month since Dec. 22
    ** Co reports growth in net profit, revenue and core profit
in the third quarter, while core profit margins rose to 13.77%
from 11.35% a year earlier
    ** "Business has been resilient inspite of high commodity
inflation hurting consumption across categories," co says
    ** Adds it "witnessed traction" across products, including
fabric care, dishwashing, personal care and household
insecticides
    ** Trading volume is 545,031 shares as of 1:37 p.m. IST,
1.1x the 30-day avg of 501,680 shares
    ** Of the nine analysts tracking the company, six maintain
"buy," three suggest "hold;" median PT is 205 rupees
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))