Jyothy Laboratories is expected to report a good quarter due to slight demand uptick and low base. According to a CNBC-TV18 poll, the company is likely to report net profit at Rs 30 crore in July-September, up 19 percent from Rs 25.1 crore in year-ago period. During the period, net revenues are seen up 7.9 percent at Rs 397 crore against Rs 368 crore in corresponding quarter last fiscal.
EBITDA is estimated to rise 19.4 percent in Q2FY16 to Rs 40 crore against Rs 33.5 crore while EBITDA margins is seen at 10.1 percent versu 9.1 percent (Y-o-Y).
Analysts polled by CNBC-TV18 expect Ujala to see better quarter owing to low base and Henko may face see stiff competition from peers post price cut. Soap segment is likely to see better profitability while detergents may see slowdown and revenues may be weak owing to price cuts.
Jyothy Labs may expand margins in Q2 on lower input costs but may be partially countered by ESOPs. Employee costs are likely to jump 25 percent owing to ESOP expenses while advertising & promotions (A&P) spends may remain stable due to lack of launches. Rural urban demand outlook will be key.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
