Buy Jyothy Labs, target price Rs 702: LKP Securities

LKP Securities has buy call on Jyothy Labs with a target price of Rs 702. The current market price of Jyothy Labs Ltd. is Rs 537.2.

Jyothy Labs Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 19864.15 Crore) operating in FMCG sector.

Jyothy Labs Ltd. key Products/Revenue Segments include Personal Care, Sale of services and Scrap for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 755.53 Crore, up 12.27 % from last quarter Total Income of Rs 672.96 Crore and up 7.31 % from last year same quarter Total Income of Rs 704.04 Crore. Company reported net profit after tax of Rs 101.69 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 62.89 per cent stake in the company as of 30-Jun-2024, while FIIs owned 15.1 per cent, DIIs 14.35 per cent.