Jyothy Laboratories , a prominent player in India's fast-moving consumer goods (FMCG) sector, has released its financial results for the second quarter of fiscal year 2026, revealing a mixed performance with volume growth but decreased profitability.

Financial Highlights

For the quarter ended September 30, 2025, Jyothy Labs reported:

The company's revenue saw a modest increase of 0.40% year-on-year, reaching ₹736.00 crore, supported by a 2.80% growth in sales volume. However, profitability metrics showed a decline, with EBITDA falling by 14.50% to ₹118.30 crore and net profit decreasing by 16.30% to ₹87.80 crore compared to the same quarter last year.

Segment Performance

• Fabric Care: This segment, which includes products like fabric whiteners, enhancers, and detergents, delivered a steady performance with 6.10% growth for the quarter.
• Dishwashing: The segment reported a 3.80% decline in value terms but maintained healthy volume growth of 3.40%.
• Personal Care: A 4.30% decline was observed, attributed to temporary GST transition disruptions in September.
• Household Insecticides: This segment faced challenges, declining by 8.90% for the quarter.

Management Commentary

Ms. M. R. Jyothy, Chairperson and Managing Director of Jyothy Labs Limited, commented on the results: "Q2 was a disciplined step forward in what was a transition quarter. The GST rate revision led to short-term channel adjustments, but our core business remained resilient with volume growth of 2.80%."

She added, "We safeguarded profitability through cost discipline and strong cash management, closing the first half with ₹801.00 crore in cash and zero debt. Looking ahead, we expect H2 to perform better than H1, supported by stable commodity costs and a gradual recovery in demand."

Future Outlook

The company remains focused on strengthening its core categories, accelerating growth in detergent liquids and new launches, and bringing the Personal Care segment back to growth. Management expressed confidence in closing FY2026 with double-digit volume growth, subject to macroeconomic conditions.

Jyothy Labs continues to execute its strategy across segments and channels while maintaining prudent capital deployment. The company's ability to navigate through transitional challenges while maintaining volume growth suggests resilience in its business model, despite the pressure on profitability in the current quarter.

Jyothy Laboratories , a leading Indian FMCG company, reported a modest 1.4% year-on-year revenue growth to Rs. 751.00 crore for the quarter ended June 30. The company's performance reflects the ongoing challenges in the urban market, offset by resilience in rural areas and strong growth in modern trade channels.

Key Financial Highlights

• Revenue from operations stood at Rs. 751.00 crore, up 1.4% year-on-year
• Volume growth of 3.6% year-on-year
• Operating EBITDA at Rs. 124.00 crore, maintaining a margin of 16.5%
• Profit After Tax (PAT) reported at Rs. 97.00 crore

Segment Performance

Fabric Care

The segment delivered mid-single-digit volume growth. Liquid detergents stood out, more than doubling their growth compared to the same period last year and achieving strong sequential double-digit value growth.

Dish Wash

Despite facing intensive competitive activity, particularly in terms of grammage offers, the segment maintained healthy volumes. Pril liquid posted double-digit volume growth, while Exo bars grew in high single digits.

Personal Care

The segment saw flat year-on-year numbers but showed encouraging signs of sequential growth. The newly launched Jovia beauty soap is gaining market acceptance, while efforts behind the Margo brand are showing positive results.

Household Insecticides

This segment remains a work in progress, with the company focusing on improving profitability and scaling up the liquid vaporizer category and recently launched products like aerosols and packets.

Market Dynamics and Strategy

M. R. Jyothy, Chairperson & Managing Director of Jyothy Labs, commented on the market dynamics: "Rural markets once again outperformed urban areas, demonstrating inherent resilience. General trade faced volume pressures, while modern trade, including e-commerce and quick commerce, sustained double-digit growth."

The company is adapting to evolving channel dynamics, with a notable shift towards e-commerce and quick commerce platforms. Jyothy Labs is actively monitoring the pricing environment and taking calibrated steps to preserve its value proposition across categories.

Outlook

Looking ahead, Jyothy Labs approaches the future with cautious optimism. The company expects meaningful improvements, supported by:

1. Recovery in urban discretionary spending
2. Momentum in the festive season
3. Increasing traction from new product launches
4. Ongoing gains in cost efficiency and distribution expansion

Pawan Agarwal, CFO & EVP, stated, "We remain focused on innovation, category development, scaling up new launches, digital execution, and sharpening our go-to-market strategy. We are committed to delivering profitable, sustainable, and capital-efficient growth."

The company maintains its EBITDA margin guidance between 16% and 17% for the full year, balancing near-term pressures with anticipated improvements.

As Jyothy Labs navigates the challenging market environment, it continues to invest in brand building and expansion, aiming to capitalize on the expected demand recovery in the coming quarters.