Buy Jyothy Labs, target price Rs 200: ICICI Securities

ICICI Securities has buy call on Jyothy Labs with a target price of Rs 200. The current market price of Jyothy Labs Ltd. is Rs 140.5.

Time period given by analyst is one year when Jyothy Labs Ltd. price can reach defined target.

Jyothy Labs Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 5184.99 Crore) operating in FMCG sector.


Jyothy Labs Ltd. key Products/Revenue Segments include Personal Care and Scrap for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 590.11 Crore, up 11.35 % from last quarter Total Income of Rs 529.95 Crore and up 16.05 % from last year same quarter Total Income of Rs 508.51 Crore. Company reported net profit after tax of Rs 43.97 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 62.89 per cent stake in the company as of 30-Sep-2021, while FIIs owned 12.23 per cent, DIIs 16.38 per cent.