Jyothy Laboratories Ltd (JLL) is an Indian FMCG player with products across Fabric care, Dishwashing, Mosquito repellents & Personal Care. JYL's revenue grew by 6.3%YoY for Q4FY19. For FY19, the growth was at 8.4%YoY, impacted by adverse seasonality in insecticide and flood impact in Kerala (Rs25-30cr). EBITDA margin declined by 210bps to 16.4% on account of 220bps reduction in gross margin. Despite reduction in margins, Q4FY19 PAT grew by 11%YoY. For...