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Jyothy Laboratories today reported over two-fold increase in its net profit at Rs 29.16 crore for the fourth quarter ended March 31, 2014, mainly on the back of robust sales in soaps and detergent segment.
The company had posted a net profit of Rs 11.81 crore during the same period of previous fiscal, Jyothy Laboratories Ltd (JLL) said in a filing to the BSE.
Net sales of the company rose by 21.23 per cent to Rs 329.91 crore in the fourth quarter, as against Rs 272.12 crore in the same period of previous financial year.
Commenting on the result, JLL CMD MP Ramachandran said: "We have sustained our growth momentum despite inflationary pressures, rising input costs and moderation in demand. Going forward, we expect growth rate to sustain on the sales and margin front. We continue to enhance our market share in the urban market, without losing our focus in the rural market."
During the period under review, the company's soaps and detergent business, which includes brands like Ujala and Henko, posted sales of Rs 227.77 crore, up 24.49 per cent as against Rs 182.95 crore in the same period of previous fiscal.
The company's home care business, which includes products such as mosquito coils, reported sales of Rs 99.06 crore for during the quarter under review, up 18.02 per cent from Rs 83.93 crore during the year-ago period.
Shares of Jyothy Laboratories were trading at Rs 208 apiece on the BSE, up 3.48 per cent from their previous close.