Jyothy Laboratories today reported a 72 per cent increase in its net profit at Rs 42.46 crore in the first quarter ended June 30, 2014.
The company had posted a net profit of Rs 24.69 crore during the same period previous fiscal, Jyothy Laboratories Ltd said in a filing to the BSE.
Net sales rose 16 per cent to Rs 385.14 crore from Rs 332.58 crore.
Commenting on the results, the company CMD, M P Ramachandran, said: “Jyothy continues to deliver superior value and strong performance through various measures such as healthy innovation pipeline, aggressive brand investment and focus on improvement of margin.”
During the period under review, the company’s soaps and detergent business, which includes brands like Ujala and Henko, posted sales of Rs 304.52 crore, up 18 per cent, against Rs 257.66 crore in the same period a year ago.
The company’s homecare business, which includes products such as mosquito coils, reported sales of Rs 67.30 crore, up 15 per cent, compared with Rs 58.65 crore during the year-ago period.
Shares of Jyothy Laboratories were trading at Rs 189.70 apiece on the BSE, up 3.46 per cent from the previous close.