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Jyothy Labs (532926) investor relations material
Jyothy Labs Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 FY27 revenue from operations rose 3.3% YoY to ₹760.04 crore; excluding Pril and Fa, value growth was 12.4% and volume growth 8.1%.
Input-cost inflation compressed Q2 gross margin to 34.8% and operating EBITDA margin to 2.5%; PAT fell to ₹10.6 crore from ₹87.76 crore.
H1 revenue was ₹1,533.44 crore; excluding Pril and Fa, value growth was 10.2% and volume growth 6.2%.
Portfolio availability reached 4 million outlets, with direct reach of 1.4 million outlets.
Financial highlights
Q2 operating EBITDA was ₹19.2 crore versus ₹118.3 crore YoY; PAT was ₹10.6 crore versus ₹87.76 crore.
H1 operating EBITDA was ₹83.9 crore versus ₹242.4 crore; PAT was ₹58.24 crore versus ₹184.55 crore YoY.
Q2 total income was ₹775.67 crore and PBT ₹16.38 crore versus ₹118.69 crore YoY; H1 total income was ₹1,566.72 crore and PBT ₹81.36 crore.
Q2 A&P spend was ₹56.5 crore, 7.4% of revenue; H1 spend was ₹107.2 crore, 7.0% of revenue.
Outlook and guidance
Priorities include profitable, volume-led growth through innovation, premiumisation, deeper penetration and selective pricing; no formal FY27 guidance was given.
Q3 underlying growth is expected to remain healthy, led by Fabric Care and new products; the internal aspiration is double-digit growth.
Margin recovery is expected to be gradual and dependent on commodity prices moderating; calibrated pricing, procurement excellence and value engineering are planned to manage volatility.
Medium-term revenue ambition remains ₹5,000 crore; M&A will be evaluated for strategic fit and profitability, alongside NPDs and newer categories.
- Revenue grew, but inflation compressed margins and profit despite market-share gains.532926
Q4 21/22 - FY24 growth and margin gains offset a subdued, competitive FMCG backdrop.532926
Q4 23/24 - Revenue and EBITDA grew despite lockdowns, with a ₹23.5 crore excise-refund charge.532926
Q4 20/21 - Lockdown-hit FY20 results met with a pivot to hygiene, value packs and digital reach.532926
Q4 19/20 - Sales and PAT grew as margins held despite input-cost pressure.532926
Q4 18/19 - Revenue and profit surged as margins recovered, with Fabric Care leading growth.532926
Q4 22/23 - GST recovery lifted comparable sales, while prior-year tax benefits weighed on PAT.532926
Q4 17/18 - PAT rose 176.6%; FY2017-18 revenue growth target set at 12%.532926
Q4 16/17 - Sales and profits grew strongly as Powerbrands outpaced subdued rural demand.532926
Q4 15/16
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