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Jyothy Labs eyes 20% topline growth in FY09
Jyothy Laboratories has reported Rs 455 crore on the topline versus Rs 434 crore on a yearly basis. PBT is up by about Rs 10 crore to Rs 69 crore versus Rs 59 crore. PAT was pretty flat at about Rs 52 crore on a YoY basis. MP Ramachandran, CMD, Jyothy Laboratories said, he doesn’t foresee a fall in demand over the next few quarters.
Jyothy Laboratories has reported its Q4 numbers. The company has reported Rs 455 crore on the topline versus Rs 434 crore on a yearly basis. The profit before tax, or PBT is up by about Rs 10 crore to Rs 69 crore versus Rs 59 crore. Profit After Tax, or PAT was pretty flat at about Rs 52 crore on a YoY basis.
The FMCG company has a presence in household care. Its flagship brand Ujala has a 68.3% market share. The company plans to initiate a new venture called Fabric Spa, an initial cost for which is expected to be around Rs 40 crore.
MP Ramachandran, CMD, Jyothy Laboratories said, he doesn't foresee a fall or slowdown in demand over the next few quarters for the company. He is confident of maintaining a 20% growth in pricing going forward.
Excerpts from CNBC-TV18's exclusive interview with MP Ramachandran:
Q: Could you run us through the yearly figure and a comparison with last year?
A: This quarter's figures are not ready with me now. Last year, the topline was at about Rs 434 crore. This year it is at Rs 455-456 crore.
Q: And on the bottomline front?
A: Bottomline, PBT is at about Rs 69 crore compared to last year of Rs 59 crore. And PAT last year was Rs 51.6 crore, and this year it is Rs 52.4 crore.
Q: The initial numbers - Rs 455 crore on the topline versus Rs 434 crore on a yearly basis. The profit before tax or PBT is up by about Rs 10 crore to Rs 69 crore versus Rs 59 crore. Profit After Tax, or PAT was pretty flat at about Rs 52 crore on a YoY basis.
A: That is right.
Q: Could you run us through how this quarter has been on the margin front? Do you have any figures on the operating margin picture?
A: This last quarter has been good but I don't have the exact figures. There was much improvement compared to last year.
Q: What kind of volume growth have you seen in this quarter and are you sensing any sort of slowdown in demand in the next few quarters as well?
A: We don't foresee any demand fall at all.
Q: What is the kind of volume growth you foresee for yourself and what's been the volume growth so far?
A: In the last quarter from April to June, we have seen a topline growth of 20% as compared to the previous year.
Q: In terms of pricing growth are you seeing that you can hike prices of your products going forward, or is there a slowdown in demand you witness, or can you maintain this 20% growth?
A: We will be able to maintain this 20% growth. That is the trend that we see now.
