Home-grown FMCG agency Jyothy Labs on Monday reported an 18.73 per cent rise in its consolidated internet revenue at Rs 47.73 crore within the first quarter ended June 30, 2022.
It had posted a internet revenue of Rs 40.20 crore within the April-June quarter of the final fiscal 12 months, Jyothy Labs mentioned in a regulatory submitting.
Jyothy Labs’ income from operations was up 13.66 per cent to Rs 597.20 crore throughout the interval underneath evaluate, as in opposition to Rs 525.40 crore within the corresponding interval of the earlier monetary 12 months.
“Our profitability has been impacted due to significant input costs inflation persisting across our product categories,” Jyothy Labs mentioned in its earnings assertion.
Its complete bills had been at Rs 553.71 crore, up 15.45 per cent in Q1/FY 2022-23, as in opposition to Rs 479.61 crore.
“The quarter has witnessed the household budget of the consumer being impacted by high inflationary pressure leading to an overall dip in the consumption of FMCG products. We have leveraged on our expanded distribution platform which has helped us to mitigate the slowing consumption environment by focussing on sales of our existing product portfolio in newer geographies,” it mentioned.
Jyothy Labs’ income from Fabric Care phase was at Rs 251.12 crore and from Dishwashing phase it was Rs 209.32 crore throughout the quarter underneath evaluate.
While income from Household Insecticides was at Rs 44.83 crore, Rs 69.44 crore was from private care and for Laundry service it was at Rs 10.72 crore.
“Our working efficiency has been steady despite a number of short-term challenges on the demand-side and excessive enter costs.
“We have leveraged our expanded distribution and targeted market development initiatives in focusing on several growth opportunities which have helped us in reducing the impact of a slowing consumption environment,” Jyothy Labs Managing Director M R Jyothy mentioned.
On the outlook, she mentioned: “We have delivered double-digit revenue growth for the last few quarters and will focus on relentless execution and are determined to continue to win market shares by building scale in our operations.” Jyothy Labs personal FMCG manufacturers like Ujala, Henko, Mr White, Exo, Pril, Margo and Neem.
Shares of Jyothy Labs Ltd had been buying and selling at Rs 167.95 on BSE, up 2.25 per cent over its earlier shut.
