Jyothy Laboratories post 25.68% rise in net profit

MUMBAI: Jyothy Laboratories (JLL) the maker of Ujala brand reported 25.68% rise in its net profit to Rs 17.62 crore for the first quarter ended June 30, 2012 as against Rs 14.02 crore in Q1FY12.

Net sales for the quarter rose 70.63% to Rs. 209.86 crore from Rs. 122.99 crore reported in the corresponding period of last fiscal.

M P Ramachandran , Chairman & Managing Director, Jyothy Laboratories Ltd said, "We are on the right path of growth and the merger of Henkel India Limited with Jyothy is one such step. The integration of Henkel with Jyothy is being completed. Mr. S. Raghunandan, a new CEO is putting in an experienced management team to achieve well designed growth".

The company's operating EBIDTA margin for the quarter improved to 11.87% as against 8.84% in the corresponding period of last year. The company reported EPS of Rs 2.19 for Q1FY13 as against Rs 1.74 in the year-ago period.

The Soaps & Detergents business, which includes fabric whitener, fabric detergent, surface cleaning products and soaps, saw growth of 64.26% to Rs 150.15 crore during the quarter compared to Rs. 91.41 crore last year same period.

Its flagship brand Ujala fabric whitener is the market leader with a market share of 73.3%. Home Care, which includes mosquito coils, scrubber and incense sticks saw the increase in revenues for the quarter by 89.02% to Rs 59.37 crore as against Rs 31.41 crore during the same period last year.