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Profit & Loss
Balance Sheet
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Mkt Cap
Market Capitalization
₹9,746Cr
Rev Gr TTM
Revenue Growth TTM
3.27%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

JYOTHYLAB
VS
| Quarter | Jun 2022 | Sep 2022 | Dec 2022 | Jun 2023 | Sep 2023 | Dec 2023 | Jun 2024 | Sep 2024 | Dec 2024 |
|---|
|
Growth YoY Revenue Growth YoY% | 13.7 | 12.6 | 13.7 | 12.8 | 15.1 | 11.1 | 10.6 | 7.0 | 8.0 | 0.2 | 4.0 | 1.1 |
| 537 | 579 | 528 | 526 | 570 | 597 | 559 | 552 | 608 | 595 | 589 | 555 |
Operating Profit Operating ProfitCr |
| 10.0 | 12.2 | 13.8 | 14.8 | 17.1 | 18.5 | 17.5 | 16.4 | 18.0 | 18.9 | 16.4 | 16.8 |
Other Income Other IncomeCr | 13 | 12 | 15 | 6 | 17 | 13 | 11 | 13 | 14 | 13 | 14 | 11 |
Interest Expense Interest ExpenseCr | 3 | 3 | 3 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
Depreciation DepreciationCr | 13 | 13 | 12 | 12 | 12 | 12 | 13 | 13 | 13 | 14 | 14 | 15 |
| 57 | 76 | 84 | 82 | 121 | 135 | 115 | 107 | 132 | 136 | 114 | 107 |
| 9 | 11 | 17 | 23 | 25 | 31 | 24 | 29 | 31 | 31 | 26 | 31 |
|
Growth YoY PAT Growth YoY% | 18.7 | 48.6 | 77.3 | 60.4 | 101.7 | 59.1 | 34.9 | 31.9 | 5.7 | 1.0 | -3.9 | -2.4 |
| 8.0 | 9.9 | 11.0 | 9.6 | 14.0 | 14.2 | 13.4 | 11.8 | 13.7 | 14.3 | 12.4 | 11.4 |
| 1.3 | 1.8 | 1.8 | 1.6 | 2.6 | 2.8 | 2.5 | 2.1 | 2.8 | 2.9 | 2.4 | 2.1 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
|
| | 5.1 | 5.7 | -0.6 | 8.4 | -5.7 | 11.6 | 15.1 | 13.2 | 10.9 | 3.3 |
| 1,352 | 1,371 | 1,429 | 1,415 | 1,532 | 1,460 | 1,595 | 1,948 | 2,170 | 2,277 | 2,347 |
Operating Profit Operating ProfitCr |
| 10.8 | 13.9 | 15.1 | 15.4 | 15.5 | 14.7 | 16.5 | 11.3 | 12.7 | 17.4 | 17.6 |
Other Income Other IncomeCr | 8 | 14 | 11 | 62 | 28 | 16 | -5 | 19 | 47 | 54 | 51 |
Interest Expense Interest ExpenseCr | 14 | 62 | 56 | 48 | 35 | 33 | 19 | 12 | 13 | 5 | 6 |
Depreciation DepreciationCr | 33 | 31 | 30 | 31 | 31 | 53 | 56 | 58 | 50 | 50 | 56 |
| 125 | 143 | 179 | 241 | 243 | 182 | 235 | 197 | 299 | 479 | 489 |
| 4 | 69 | -26 | 62 | 45 | 19 | 44 | 38 | 59 | 110 | 118 |
|
| | -39.0 | 176.6 | -12.4 | 10.5 | -17.7 | 17.3 | -16.5 | 50.6 | 54.0 | 0.3 |
| 8.0 | 4.6 | 12.1 | 10.7 | 10.9 | 9.5 | 10.0 | 7.2 | 9.6 | 13.4 | 13.0 |
| 3.4 | 2.0 | 5.6 | 2.6 | 5.6 | 4.6 | 5.4 | 4.4 | 6.5 | 10.1 | 10.1 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Equity Capital Equity CapitalCr | 18 | 18 | 18 | 18 | 37 | 37 | 37 | 37 | 37 | 37 | 37 |
| 762 | 883 | 1,071 | 1,126 | 1,290 | 1,192 | 1,392 | 1,407 | 1,512 | 1,772 | 2,013 |
Current Liabilities Current LiabilitiesCr | 411 | 805 | 742 | 811 | 586 | 545 | 473 | 521 | 406 | 481 | 511 |
Non Current Liabilities Non Current LiabilitiesCr | 625 | 66 | 28 | 38 | 51 | 92 | 93 | 99 | 104 | 110 | 131 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 546 | 456 | 481 | 663 | 622 | 449 | 625 | 724 | 775 | 1,139 | 1,411 |
Non Current Assets Non Current AssetsCr | 1,271 | 1,313 | 1,372 | 1,316 | 1,320 | 1,387 | 1,331 | 1,299 | 1,287 | 1,262 | 1,279 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 166 | 192 | 163 | 242 | 302 | 171 | 402 | 203 | 329 | 458 | 311 |
Investing Cash Flow Investing Cash FlowCr | -26 | 108 | -17 | -74 | 30 | 72 | -129 | -32 | -48 | -344 | -161 |
Financing Cash Flow Financing Cash FlowCr | -18 | -302 | -130 | -145 | -318 | -304 | -216 | -167 | -251 | -135 | -157 |
|
Free Cash Flow Free Cash FlowCr | 150 | 166 | 107 | 247 | 263 | 130 | 377 | 181 | 316 | 443 | 254 |
| 137.4 | 260.4 | 80.0 | 135.4 | 152.6 | 105.5 | 210.9 | 127.3 | 137.1 | 124.0 | 84.1 |
CFO To EBITDA CFO To EBITDA% | 102.0 | 86.6 | 64.2 | 94.1 | 107.2 | 68.3 | 127.9 | 81.6 | 104.0 | 95.4 | 62.3 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 4,839 | 5,245 | 6,492 | 7,105 | 6,702 | 3,443 | 5,025 | 5,418 | 7,014 | 16,142 | 12,069 |
Price To Earnings Price To Earnings | 45.5 | 82.7 | 31.2 | 38.2 | 32.6 | 20.2 | 25.2 | 33.5 | 29.3 | 43.7 | 32.6 |
Price To Sales Price To Sales | 3.2 | 3.3 | 3.9 | 4.3 | 3.7 | 2.0 | 2.6 | 2.5 | 2.8 | 5.9 | 4.2 |
Price To Book Price To Book | 6.2 | 5.8 | 6.0 | 6.2 | 5.0 | 2.8 | 3.5 | 3.8 | 4.5 | 8.9 | 5.9 |
| 32.0 | 23.4 | 25.3 | 28.1 | 24.3 | 14.5 | 15.7 | 21.7 | 21.4 | 33.4 | 24.0 |
Profitability Ratios Profitability Ratios |
| 48.7 | 47.5 | 46.9 | 47.7 | 46.5 | 47.4 | 47.1 | 41.6 | 42.3 | 49.1 | 50.1 |
| 10.8 | 13.9 | 15.1 | 15.4 | 15.5 | 14.7 | 16.5 | 11.3 | 12.7 | 17.4 | 17.6 |
| 8.0 | 4.6 | 12.1 | 10.7 | 10.9 | 9.5 | 10.0 | 7.2 | 9.6 | 13.4 | 13.0 |
| 11.3 | 22.6 | 20.6 | 20.3 | 18.0 | 14.8 | 16.4 | 12.9 | 19.6 | 26.0 | 23.4 |
| 15.5 | 8.2 | 18.8 | 15.6 | 14.9 | 13.2 | 13.3 | 11.0 | 15.5 | 20.4 | 18.1 |
| 6.7 | 4.2 | 11.0 | 9.0 | 10.2 | 8.8 | 9.8 | 7.9 | 11.6 | 15.4 | 13.8 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Jyothy Labs Limited (JLL), founded in 1983 by Mr. M. P. Ramachandran in Thrissur, Kerala, is a leading Indian FMCG company specializing primarily in the **Home Care and Personal Care segments**, which together constitute **50% of the Indian FMCG industry**. Listed on both the BSE and NSE, Jyothy Labs has evolved from a single-product company centered on *Ujala* into a multi-brand, professionally managed national enterprise with a debt-free balance sheet and robust cash reserves.
The company operates across **four core product categories**:
1. **Fabric Care**
2. **Dish Wash**
3. **Household Insecticides (HI)**
4. **Personal Care**
With a strong focus on **innovation, brand equity, and distribution excellence**, Jyothy Labs generated **Rs 2,844 crores in revenue during FY 2024–25**, reflecting sustained growth amidst shifting consumer dynamics and macroeconomic challenges.
---
### **Market Position & Key Brands**
Jyothy Labs commands **dominant or second-place market rankings** across key categories:
- **#1 in Fabric Whitener** – Ujala Supreme has held this position for **four decades**, with an **84% market share** (Nielsen IQ, CY23).
- **#2 in Dishwash (Bar & Liquid) by Value** – Led by **Exo** and **Pril**, both known for antibacterial and grease-cutting properties.
- **#2 in Mosquito Repellent Coils by Volume** – The **Maxo** brand leads in volume, supported by innovation in vaporizers.
**Power Brands**:
- *Ujala* (fabric care)
- *Exo* & *Pril* (dishwash)
- *Maxo* (household insecticides)
- *Margo* (personal care)
- *Henko*, *Mr. White*, *Morelight*, *Neem*, *Maya*, *Jovia*
These brands are strategically positioned across **value, mid-tier, and premium segments**, catering to diverse consumer preferences and regional tastes.
---
### **Production & Supply Chain Excellence**
- Operates **23 state-of-the-art manufacturing and processing facilities** across India, leveraging **automation, digitalisation (Industry 4.0), lean engineering, and sustainable practices**.
- Over **85% of products are manufactured in-house**, ensuring **quality control, supply chain resilience**, and **proximity to key markets**.
- Recently expanded capacity with a new **3,000 MT/month plant in Pithampur**, commissioned rapidly during the pandemic.
- Focus on **eco-friendly production**, **sustainable packaging**, **circular economy**, and **green initiatives**, including green belts and planned solar installations.
---
### **Innovation & R&D**
Jyothy Labs operates **three advanced, in-house R&D centers** in Mumbai, Silvassa, and Puducherry, staffed by expert scientists. R&D priorities include:
- **New product development** based on **deep consumer insights**
- **Formulation improvements** and **production efficiency**
- **Sustainable and eco-friendly solutions**, including **organic**, **biodegradable**, and **low-waste packaging**
- Rapid response to market shifts, exemplified by:
- Launch of **Exo Bioh Fresh (100% organic fruit & vegetable cleaner)**
- **Margo Hand Wash, Face Wash, and Sanitizer** during the pandemic
- **Ujala Young & Fresh fabric conditioner** with **SmartBurst perfume capsules** (12x longer freshness)
Innovation is **consumer-centric**, addressing "everyday pain points" such as hygiene, skin care, pest control, and fabric softness.
---
### **Distribution & Market Reach**
Jyothy Labs has built one of the most **extensive and efficient distribution networks** in the Indian FMCG sector:
- **Over 3.6 million retail outlets** across India
- **Direct access to 1.3 million outlets** (up from 1.1 million in 2023)
- Supported by **over 9,900 channel partners**
- Strong **van and moped-based rural distribution model** for last-mile reach
- Focus on **Low Unit Packs (LUPs)** and small SKUs (e.g., Rs 5–10 sachets) to drive **rural penetration, consumer trials, and down-trading demand**
**Digitized Distribution Systems**:
- Mobile-based **Sales Force Automation (SFA)**
- **Distributor Management System (DMS)** and **Continuous Replenishment System (CRS)**
- **Logiconnect platform** for integrated logistics and transport management
Modern trade and e-commerce now contribute **over 10% of total sales**, with growing focus on **quick-commerce, contactless delivery**, and **online-exclusive SKUs**.
---
### **Brand Strategy & Marketing**
Jyothy Labs employs a **multi-channel, multi-brand marketing approach**, blending:
- **Above-the-Line (ATL)**: TV, OTT, cinema, print, out-of-home (OOH)
- **Below-the-Line (BTL)**: on-ground activations, sampling, mela campaigns
- **Digital Marketing**: influencer collaborations, social media campaigns, YouTube/CTV
- **Celebrity Endorsements**:
- **Vidya Balan & Taapsee Pannu** – Ujala
- **Shilpa Shetty** – Exo
- **Kareena Kapoor** – Maxo
- **Raashii Khanna** – Margo
- **Keerthy Suresh** – Ujala Young & Fresh
- **Nayanthara & Manju Warrier** – Ujala Crisp & Shine
In FY25, the company engaged **nine celebrities**, significantly boosting visibility and brand appeal, especially among youth and in regional markets.
**Flagship Campaigns**:
- *“Ek Achhi Aadat”* (Margo) – promoting neem-based hygiene as a lifestyle habit
- *“No Samjhauta”* (Ujala Supreme)
- *“No Button Automatic”* (Maxo Genius)
- Sponsorships of **IPL 2024** and **T20 World Cup 2024**
---
### **Product Portfolio Expansion (FY25–FY26)**
Jyothy Labs has pursued **aggressive innovation and expansion**:
- **Fabric Care**:
- Launched **Ujala Young & Fresh** (fabric conditioner with SmartBurst)
- **Mr. White Liquid Detergent** with *"Ultimate Whiteness, No Bleach"*
- **Morelight Liquid Detergent** with value-stain removal proposition
- **Dish Wash**:
- **Exo Super Gel**, **Exo Green Steel Combo**, **Pril Tamarind Shine Specialist**
- Focus on **larger refill packs** and **low-price trial packs**
- **Personal Care**:
- **Margo Neem Naturals** (honey, lemon, rose, jasmine, aloe vera variants)
- **Margo Face Wash, Hand Wash, Sanitizer**
- Launched **Jovia beauty soap** (Sandal & Turmeric, Lemon & Aloe vera) in **mass-premium segment**
- **Household Insecticides**:
- **Maxo Flying & Crawling Insect Killers**
- **Maxo Genius** (automatic vaporiser, “Fits All” bottle)
---
### **Strategic Priorities for FY26**
1. **Innovation-Driven Growth**:
- Lead in **post-wash**, **liquid detergents**, and **value formats**
- Expand **Margo** into 100-year neem heritage products (new formats, skincare)
- Innovate in **household insecticides** with consumer-relevant formats
2. **Market Penetration & Expansion**:
- Scale **personal care** and **modern trade/e-commerce**
- Deepen **rural footprint** via mobile sales, SFA, and LUP packs
- Grow **geographic reach** of post-wash and liquid product lines
3. **Competitive Pricing & Mix**:
- Sustain **value leadership** with affordable packs
- Drive **premiumization** in urban and modern trade channels
- Narrow growing **gap between volume and value** (expected to stabilize at 2–3% in FY26)
4. **Operational Resilience**:
- Optimize costs amid **high input prices**
- Strengthen **supply chain agility**
- Invest in **digital transformation** and **process automation**
5. **Consumer-Centric Approach**:
- Focus on **sustainability**, **affordability**, and **genuine product benefits**
- Use data analytics for real-time insights, demand forecasting, and marketing optimization
---
### **Financials (FY 2024–25)**
- **Revenue**: ₹2,844 Crores
- **Segment-wise Revenue** (approx.):
- Fabric Care: ₹1,189 Cr
- Dishwashing: ₹937 Cr
- Personal Care: ₹308 Cr
- Household Insecticides: ₹212 Cr
- Others: ₹111 Cr
- **Distribution Reach**: 3.6 million outlets (direct: 1.3 million)
- **Workforce**: Over 8,000 employees across manufacturing, sales, and R&D
- **Channel Partners**: >9,900
---