India's Jyothy Labs Q3 profit tops view on fabric care boost

Jyothy Labs

25/01/2023 09:19

BENGALURU, Jan 25 (Reuters) - India's Jyothy Labs Ltd
 JYOI.NS  on Wednesday reported a bigger-than-expected rise in
quarterly profit boosted by its fabric care and dishwashing
segments, sending shares up as much as 4.5%.
    Consolidated net profit rose 75.4% to 673.9 million rupees
($8.25 million) in the quarter ended Dec. 31, the company, known
for its affordable "Ujala" fabric care range and "Exo" and
"Pril" cleaning brands, said. 
    Analysts on average had expected a profit of 521.8 million
rupees, according to IBES data from Refinitiv.
    Mumbai-based Jyothy said its affordable products helped
demand and small packs of its dishwashing liquid and powders
sold well in rural markets in an inflationary environment.
     Sales in its fabric care segment rose 26% during the
quarter, to 2.63 billion rupees, while its dishwashing unit
clocked a 10% rise in sales to 2.21 billion rupees. 
    Consolidated revenue from operations came in at 6.13 billion
rupees.
($1 = 81.6400 Indian rupees)
 (Reporting by Meenakshi Maidas in Bengaluru; Editing by
Nivedita Bhattacharjee)
 ((Meenakshi.Maidas@thomsonreuters.com; Mob: +91 8921483410;))