New Delhi, Domestic FMCG firm Jyoti Labs Ltd on Wednesday reported 31.9 per cent rise in consolidated net profit at Rs 78.15 crore in the March quarter.
Jyoti Labs Ltd said in a regulatory filing that the company had posted a consolidated net profit of Rs 59.26 crore in the same quarter a year ago.
Consolidated revenue from operations stood at Rs 659.99 crore in the quarter under review, as against Rs 616.95 crore in the year-ago period.
Total expenses in the quarter were higher at Rs 565.73 crore compared to Rs 540.71 crore in the corresponding period of the previous financial year.
The company said consolidated net profit for the fiscal year ending March 31, 2024, stood at Rs 369. crore, compared to Rs 239.73 crore in the previous fiscal.In FY24, consolidated revenue from operations stood at Rs 2,756.93 crore compared to Rs 2,486.02 crore.
Jyothi Labs said the board of directors has recommended a dividend of Rs 3.5 per equity share or Re 1 for the year ending March 31, 2024.
The company, which sells brands like Ujala, Maxo, Exo, Henco, Pril, Margo, M White, T-Shine, Neem, Maya and Morelight, said its fabric care sales grew 10 per cent in the March quarter over the same period. developed. 12.6 percent for the previous year and the entire year.
Dishwashing sales also grew by 6 per cent in Q4FY24 and 8.3 per cent for the full year, while personal care sales grew by 18 per cent in Q4 and 21.1 per cent for the full year compared to the same period last year.On the other hand, sales of household pesticides were down 9.8 per cent in Q4FY2 and remained stable for the year due to seasonal impact on demand, the company said.
“We have performed well for the quarter and year with expansion in profitability. We have had consistent double-digit revenue growth over the last 4 years, driven by consistent execution and The focus is on higher business scale." MR Jyoti said.
He said that with the increase in disposable income, the categories in which the company is present have immense future potential.
Jyoti Labs Ltd said in a regulatory filing that the company had posted a consolidated net profit of Rs 59.26 crore in the same quarter a year ago.
Consolidated revenue from operations stood at Rs 659.99 crore in the quarter under review, as against Rs 616.95 crore in the year-ago period.
Total expenses in the quarter were higher at Rs 565.73 crore compared to Rs 540.71 crore in the corresponding period of the previous financial year.
The company said consolidated net profit for the fiscal year ending March 31, 2024, stood at Rs 369. crore, compared to Rs 239.73 crore in the previous fiscal.In FY24, consolidated revenue from operations stood at Rs 2,756.93 crore compared to Rs 2,486.02 crore.
Jyothi Labs said the board of directors has recommended a dividend of Rs 3.5 per equity share or Re 1 for the year ending March 31, 2024.
The company, which sells brands like Ujala, Maxo, Exo, Henco, Pril, Margo, M White, T-Shine, Neem, Maya and Morelight, said its fabric care sales grew 10 per cent in the March quarter over the same period. developed. 12.6 percent for the previous year and the entire year.
Dishwashing sales also grew by 6 per cent in Q4FY24 and 8.3 per cent for the full year, while personal care sales grew by 18 per cent in Q4 and 21.1 per cent for the full year compared to the same period last year.On the other hand, sales of household pesticides were down 9.8 per cent in Q4FY2 and remained stable for the year due to seasonal impact on demand, the company said.
“We have performed well for the quarter and year with expansion in profitability. We have had consistent double-digit revenue growth over the last 4 years, driven by consistent execution and The focus is on higher business scale." MR Jyoti said.
He said that with the increase in disposable income, the categories in which the company is present have immense future potential.