Jyothy Labs Anticipates Subdued Urban Demand in First Half of FY26
Jyothy Labs, a major Indian FMCG company, anticipates weak urban demand for the first six months of fiscal year 2026 due to ongoing macroeconomic challenges. This outlook could potentially impact the company's sales and growth strategies in urban markets, which are typically significant contributors to FMCG revenues. The company may need to adjust its marketing and distribution approaches to address these expected market conditions.
Jyothy Labs announced its Q4 financial results, showing a 1.06% increase in revenue to ₹6.67 billion and a 3.70% rise in EBITDA to ₹1.12 billion. However, net profit decreased by 2.4% to ₹76.25 crore. The company's EBITDA margin improved by 36 basis points to 16.78%. Additionally, Jyothy Labs declared a dividend of ₹3.5 per share.
11Apr 25
Jyothy Labs to Conclude Laundry Service Operations at Kankaria Coaching Depot
Jyothy Labs Limited is ending its laundry service operations at the Coaching Depot in Kankaria, Ahmedabad by April 30, 2025, as per Western Railway's intimation. This concludes a Build-Own-Operate-Transfer contract from 2011. The unit's closure will have minimal financial impact, contributing only 15.16 crores to the company's 2,756.93 crore consolidated turnover in FY 2023-24 and representing 0.15% of its net worth. Jyothy Labs also confirmed it doesn't meet the criteria to be classified as a 'Large Corporate' for FY 2024-25, with no outstanding borrowings and a CARE AA; Stable credit rating.
Jyothy Labs Limited has divested its 75% stake in Jyothy Kallol Bangladesh Limited (JKBL) to Kallol Enterprise Limited for 301,92,134 Bangladeshi Taka. The transaction, approved on March 25, 2025, marks Jyothy Labs' complete exit from the Bangladesh market. JKBL's contribution to Jyothy Labs' consolidated financials was minimal, accounting for 0.14% of revenue and 0.42% of net worth based on FY 2024 figures. The deal, conducted at arm's length, is seen as a strategic move by Jyothy Labs to streamline its international operations and potentially focus on more profitable markets.
25Mar 25
Jyothy Labs Exits Bangladesh Market: Sells Entire Stake in Subsidiary
Jyothy Labs Limited has decided to sell its entire 75% stake in its Bangladesh subsidiary, Jyothy Kallol Bangladesh Limited (JKBL), to Kallol Enterprise Limited for 301.92 million Bangladeshi Taka. The transaction, approved by the Board of Directors, is set to complete on March 25, 2025. JKBL's contribution to Jyothy Labs' consolidated figures was minimal, with revenue and net worth impacts of 0.14% and 0.42% respectively. This strategic move signals a potential shift in Jyothy Labs' international operations and focus on its core Indian market.