Jyothy Labs Limited (JLL) registered a mixed performance in Q1FY2020, with revenue growing in low single digits (as household insecticide [HI] revenue declined by 22 %). However, operating margin (OPM) grew by 144 bps to 15.9%, mainly on account of lower other expenses, as the company shifted to Ind- AS 116. On a comparable basis, OPM was almost flat at 14.7% in Q1FY2020. The HI category will take time to revive, while the dishwashing and fabric care categories will continue to grow at a good pace, aided by new launches and a...