Jyothy Laboratories on Wednesday reported a 72 per cent increase in its net profit at Rs. 42.46 crore for the first quarter ended June 30, 2014.
The company had posted a net profit of Rs. 24.69 crore during the same period of the previous fiscal, Jyothy Laboratories Ltd (JLL) said in a filing to the BSE.
Net sales of the company rose 16 per cent to Rs. 385.14 crore in the first quarter, compared with Rs .332.58 crore in the same period last year.
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Commenting on the result, JLL CMD M.P. Ramachandran said, “Jyothy continues to deliver superior value and strong performance through various measures such as healthy innovation pipeline, aggressive brand investment and focus on improvement of margin.”
During the period under review, the company’s soaps and detergent business, which includes brands like Ujala and Henko, posted sales of Rs. 304.52 crore, up 18 per cent as against Rs. 257.66 crore in the same period a year ago.
The company’s home care business, which includes products such as mosquito coils, reported sales of Rs. 67.30 crore during the quarter under review, up 15 per cent from Rs. 58.65 crore during the year-ago period.
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Shares of Jyothy Laboratories were trading at Rs. 189.70 apiece on the BSE, up 3.46 per cent from the previous close.