Sharekhan's research report on Jyothy Labs
The company delivered nine consistent quarters of industry-leading volume growth; lower input prices continued to drive margins heling JLL post strong double-digit earnings growth. Distribution expansion in new markets, product launches, market share gains in key categories and expanding into new segments would help JLL to achieve consistent double-digit revenue growth (largely volume-led) in the coming years. Stock has corrected by 15% from its recent high and is trading at 41x/35x its FY2023E and FY2024E earnings.
Outlook
We reiterate our Buy rating on Jyothy Labs Ltd (JLL) with an unchanged PT of Rs. 590. Favourable risk-reward ratio and consistent outperformance compared with peers makers it a preferred pick in the consumer goods space.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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.
