Jyothy Laboratories Q1 net up 26 per cent at Rs 18 crore

NEW DELHI: FMCG firm Jyothy Laboratories today said its net profit rose by 25.67 per cent to Rs 17.62 crore for the first quarter ended June 30, 2012.

The company had posted a net profit of Rs 14.02 crore during the same period of previous fiscal, Jyothy Laboratories Ltd (JLL) said in a statement.

Net sales of the company rose by 70.63 per cent to Rs 209.86 crore for the first quarter as compared to Rs 122.99 crore reported in the corresponding period of last fiscal.

Commenting on the results, JLL Chairman and Managing Director M P Ramachandran 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".

Jyothy Laboratories markets various brands, including Ujala, Maxo, Exo and Henko.

Shares of Jyothy Laboratories today closed at Rs 122.10 apiece on the BSE, up 1.29 per cent from its previous close.