Net Profit up by 146.80% at Rs. 29.17 crore compared to same quarter last year Editor Synopsis
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Mumbai, May 22, 2014: Jyothy Laboratories Ltd (JLL), the home grown Indian FMCG company, today reported Net Sales of Rs. 329.91 crore for the fourth quarter ended March 31st, 2014 as against Rs. 272.12 crore for the corresponding period; a rise of 21.24%. Net Profit for the period under consideration stood at Rs. 29.17 crore up by 146.80%, as against Rs11.82 crore in the same period of last fiscal.
The EBIDTA margin for the quarter was at 10.13% as against 12.59% reported in Q4FY13.
EPS rose to Rs. 1.71 in Q4FY14 as against Rs. 0.71 in the same period of last fiscal.
For the full year, Net Sales stood at Rs. 1255.10 crore compared to Rs. 1017.38 crore in FY13; an increase of 23.37%. Net profit for the same period rose to Rs.106.11 crore compared to Rs. 44.04 crore in the same period of last fiscal a rise of 140%.
EBIDTA margin for the year was at 13.31% as against 12.23% in FY13.
EPS for the twelve months period was reported at Rs. 6.21 as against Rs. 2.65 in FY13.The Board of Directors have recommended a final dividend of Rs .2 per equity share of Re.1/- each for the year ended March 31, 2014. Further an interim dividend of Re 1 per equity share was paid during the year. Total Dividend proposed/paid is Rs.3 per equity share (300%) compared to previous year where Rs 2.5 per equity share was paid (250%). The payment of dividend is subject to approval of shareholders.
Segmental Performance (Q4FY14 v/s Q4FY13):
- Soaps and Detergent business, which includes brands like Ujala, Henko, Exo, Pril, Margo, Mr. White and Chek, stood at Rs. 227.77 crore during the quarter compared to Rs. 182.95 crore during the same period last year; up by 24.5%. Ujala fabric whitener continues to be the market leader with a market share of 72.5% by value as on December 2013.
- Home Care, which includes mosquito repellant Maxo and Exo scrubber, saw revenues for the quarter ended 31st March 2014 at Rs. 99.06 crore up 18.03% as against Rs. 83.93 crore during the same period last year.
- Others, which include brands like Fa and Neem, saw revenue increase of 24% at Rs 6.48 crore against Rs 5.24 crore for the quarter ended March 31st, 2014.
Commenting on the company’s results, Mr. M P Ramachandran – Chairman & Managing Director, Jyothy Laboratories Ltd. said, “We have sustained our growth momentum despite inflationary pressures, rising input costs and moderation in demand. Our sustained focus on enhancing visibility of our brands through marketing exercise and advertising spends has helped us to deliver above industry growth. Our portfolio will get further boost with the launch of innovative products in FY15.”
“Going forward, we expect growth rate to sustain on the sales and margin front. We continue to enhance our market share in the urban market, without losing our focus in the rural market.” he further added.
ABOUT JYOTHY LABORATORIES:
Jyothy Laboratories Ltd, a fast moving consumer goods Company was founded in 1983 by Mr. M P Ramachandran. Over the years the company has evolved from a single product proprietary firm into a multi brand, BSE & NSE listed company involved in the manufacturing and marketing of products in fabric care, mosquito repellant, surface cleaning and personal care.
The company has10 brands in its kitty including Ujala, Maxo, Exo, Henko, Pril, Margo, Neem, Fa, Mr.White and Chek that are well-known and established brands in their respective categories.
The company is also engaged into service sector in organized laundry to provide “World class laundry at affordable price at your doorstep” through its subsidiary ‘Jyothy Fabricare Services Limited’.