Jyothy Labs’ Q4 net falls 57.70%

Jyothy Labs’ Q4 net falls 57.70%FMCG firm Jyothy Laboratories Ltd on Wednesday reported a fall of mote than 57 per cent in consolidated net profit for the quarter ended March 31.

The maker of popular fabric whitener Ujala reported that its consolidated net profit during the January-March quarter fell 57.70 per cent to Rs 11.81 crore, from Rs 27.92 crore during the corresponding period of the previous fiscal.

Consolidated net sales of the company jumped 24 per cent to Rs 272.51 crore in the fourth fiscal quarter, from Rs 219.35 in the corresponding period of the previous fiscal.

For the full fiscal ended March 31, the company reported consolidated profit of Rs 44.03 crore. In the previous fiscal, the figure stood at Rs 83.51 crore.

Commenting on the results, Jyothy Laboratories Chairman M P Ramachandran said, "The year gone by has been the year of consolidation for us. Going forward, the company will focus on brand building with extension of current brands."

Ujala, Exo, Maxo and Henko are some of the best-known brands of Jyothy Laboratories.

Shares of Jyothy Laboratories closed at Rs 174.50 apiece, up 4.3 per cent from the previous day's closing price, on the Bombay Stock Exchange.