Jyothy Labs Ltd. share price target

Premiumisation and naturals' portfolio to boost revenue growth Exo and Pril brands under dishwashing segment delivered superior revenue growth in Q4FY19 and FY19 as JLL has been sharpening its focus towards premiumisation. Simultaneously, the company is promoting its naturals' brand Margo under personal care category (11% of sales) as the company is seeing significant scope for expanding the basket. Through its brands Margo, Fa and Neem toothpaste, JLL has a substantial presence in the naturals' category in a few southern states and West Bengal. Growing trend...

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...

Limited (JLL) grew by 6.3% y-o-y to Rs. 504.3 crore in Q4FY2019 as against Rs. 474.5 crore in Q4FY2018. The single-digit revenue growth was largely volume-led during the quarter. The gross margins declined by 218 BPS largely on account of higher promotional activities. The operating profit decreased by 6% to Rs. 82.6 crore due to higher advertisement and employee expenses...

7 May 2019 to INR5b (v/s est. EBITDA declined 6% YoY to INR826m (v/s est. Adj. PAT grew 11.1% YoY to INR670m (v/s our est. of INR605m) as 4Q19 saw deferred tax gain of INR110.3m v/s INR82.5m loss in the base quarter. Fabric care, Dishwashing and Personal care sales grew 2.2%, 21.6% and 2.8%, while Household Insecticides (HI) sales were down 4.

Gross margin contracted by 60 bps Y-O-Y led by input cost pressure. EBIDTA grew by 5.2% Y-O-Y to `71.8crs in the quarter. On EBIDTA margins front, there was only 20 bps contraction largely led by lower advertisement expenses. EBIDTA for 9MFY19 grew by 16.7% Y-O-Y to `205.9crs with corresponding EBIDTA margin of 16.2%...

Jyothy Labs (JLL) witnessed revenue growth of 6.3% to | 434.3 crore on the back of 6.1% overall volume growth. The company has taken price increase only in detergent category to the tune of 3%, which translates in less than 1% realisation growth for JLL Power brands Exo, Maxo, Henko & Pril saw strong growth of 7.6%, 10.5%, 17% & 12.1%, respectively. However, Margo brand declined 8.1% whereas Ujala witnessed muted growth of 1.9% EBITDA margins were flat in Q3FY19 (down 16 bps to 16.5%)...

24 January 2019 INR4.7b) in 3QFY19, led by volume growth of 6.1% YoY. (16.7% v/s 22.7% in the year-ago period). Staff cost increased marginally by 10bp YoY to 10.6% of sales, while other expenses were flat at 14% of sales. Lower ad spends (-60bp YoY to 5.5% of sales), thus, restricted EBITDA margin contraction to 20bp YoY (16.5% v/s our estimate of 17%).

ICICI Securities Ltd | Retail Equity Research JLL launched 100% natural and chemicals free incense stick - Maxo Agarbatti in Q2FY19. The mosquito repellent incense stick category has posted 101% revenue CAGR in last three years with a size of | 385 crores (YTD CY18). The market currently consists of hundreds of local brands of which many are illegal/unorganised and use harmful pesticides. With high growth and huge popularity being witnessed in this segment, we believe JLL has made the right move to capture the opportunity by foraying into...

1. Jyothy Laboratories (JLL) reported a 7.1% YOY increase in net sales to `427.7 crs with underlying volume growth of 4.4%. The growth was driven by the Dishwashing, Fabric Care and Personal Care categories. Power brands growth was at 6%. 2. EBIDTA increased 13.2% YOY to `73.2crs with margins expanding from 16.1% to...

Jyothy Laboratories Ltd (JLL) is an Indian FMCG player with products across Fabric care, Dishwashing, Mosquito repellents & Personal Care. JLL reported 7%YoY growth in revenue in Q2FY19. Adjusting the flood impacts in Kerala (Rs25-30cr) the growth would have been 13-14%YoY. Revenue growth was driven by healthy growth in dish wash (13.9%) and fabric care (10.8%), however insecticide witnessed de-growth of 19.8%. JLL has taken price hike of ~7% in detergent category and had withdrawn some price offers which aided 150bps improvement in gross margin....