Jyothy Laboratories disclosed a sharp rise in consolidated net profit for the quarter ended September 2015. During the quarter, the profit of the company rose 54.28% to Rs 387.70 million from Rs 251.30 million in the same quarter last year.
Revenues for the quarter rose 9.11% to Rs 4,013.90 million, compared with Rs 3,679 million for the prior year period.
Revenues of soaps and detergent business, which includes brands like Ujala, Henko, Exo, Pril, Margo, Mr. White and Chek, stood at Rs 2.94 billion in Q2FY16 compared to Rs 2.74 billion in Q2FY15; up by 7.3%.
Home Care, which includes mosquito repellent Maxo, Incense sticks and Exo scrubber, saw revenues for the quarter ended Sept. 30, 2015 at Rs 926.9 million up by 16.3% as against Rs 796.9 million.
The EBITDA margin for the quarter stood at 13.8% for the quarter ended Sept 30, 2015 from 10.7% in same period last year.
Earnings per share for the quarter stood at Rs 2.11, registering 51.80% growth over previous year period.
M P Ramachandran, chairman & managing director, Jyothy Laboratories, said, 'Q2FY16 was a better quarter with the company reporting higher growth in profitability. Most of our power brands outperformed the market and helped further strengthen our position.
'We continue to invest in building our brand equity with an aim to achieve higher consumer mindshare. With our differentiated positioning and value product offerings, we are confident to grow ahead of the industry in the coming quarters,' he added.
Shares of the company gained Rs 5.2, or 1.67%, to trade at Rs 317.10. The total volume of shares traded was 72,760 at the BSE (12.48 p.m., Tuesday).