JHS Svendgaard Labs sales up 144.28%

NEW DELHI: JHS Svendgaard Laboratories Ltd, India’s leading outsourced oral care products manufacturer, has posted a 144.28% increase in net sales for the financial year ended March 31, 2010 over the corresponding period last year. The higher sales growth has come on the back of traction in demand from global principals.

The company posted consolidated net profit of Rs 5.16 crore in the January-March quarter (Q4), a growth of 220% over profit figures of same period of previous fiscal year. The Q4 net sales grew by 503% to Rs 32.49 crore as against net sales of Rs 5.38 crore in the previous fourth quarter.

For the financial year 2009-10, the consolidated net profit of JHS Svendgaard Laboratories rose 483.77% to Rs 8.07 crore as against Rs 1.38 crore in the year ago period. Net sales in the year, however, grew by 144.28% to Rs 68.45 crore.

JHS has recently set up 1,10,000 sq. ft. state-of-the-art technology plant with an investment of Rs 50 crore investment in Kalaamb, Himachal Pradesh, to exclusively manufacture detergents for Procter & Gamble, the world’s largest FMCG manufacturer.

Nikhil Nanda, managing director of JHS Svendgaard, says, “Our endeavor has been to bring to the table value in terms of quality and price in the products we offer to our discerning clients who reciprocated by engaging with us on long term basis, which is reflected in our improved financial performance consistently over the years.”