Jyothy Laboratories reports 11 pct rise in Q4 standalone net profit to Rs 67 cr

FMCG firm Jyothy Laboratories Tuesday reported 11.10 per cent rise in standalone net profit to Rs 67.05 crore for the quarter ended March 31, 2019. The company posted a net profit of Rs 60.35 crore in the same period of the previous fiscal, Jyothy Laboratories said in a filing to BSE.

Net sales stood at Rs 504.29 crore for the quarter under review as against Rs 474.49 crore in the year-ago period. Net profit for the last fiscal rose to Rs 193.17 crore as against Rs 160.53 crore in 2017-18. Net sales stood at Rs 1,768.88 crore for 2018-19 as compared with Rs 1,644.13 crore. The company's board has recommended a dividend of Rs 3 per equity share of Re 1 each for 2018-19, Jyothy Laboratories said.

"Financial year 2018-19 has been a positive year for FMCG industry. The aspirational tastes of Indian consumers are undergoing changes resulting in enhancing demand for use of branded FMCG products," Chairman and MD M P Ramachandran said. Shares of Jyothy Laboratories closed at Rs 169.40 per scrip on BSE, down 4.90 per cent from its previous close.