Jyothy Labs reports a slight increase in revenue for Q2FY26, up 0.4% to ₹736 Crores, with volume growth of 2.8%. Gross margin decreased to 48.1%. A&P spend was ₹61.5 Crores. Operating EBITDA stood at 16.1% (₹118.3 Crores) and PAT at ₹87.8 Crores. The company highlights managing the GST 2.0 transition and navigating a competitive environment with consumer offers and price adjustments.
Q2FY26 Financial Performance
Jyothy Labs announced its financial results for the second quarter of fiscal year 2026. Key highlights include:
- Revenue: ₹736 Crores, a 0.4% increase year-over-year.
- Volume Growth: 2.8%.
- Gross Margin: 48.1% compared to 50.2% in the same period last year.
- A&P Spend: ₹61.5 Crores, representing 8.4% of revenue from operations.
- Operating EBITDA: 16.1% (₹118.3 Crores).
- PAT: ₹87.8 Crores.
H1FY26 Performance Overview
The company’s performance for the first half of FY26 includes:
- Revenue: ₹1487 Crores, up by 0.9%.
- Volume Growth: 3.2%.
- Gross Margin: 48% from 50.8% in the same period last year.
- A&P Spend: ₹120.3 Crores, or 8.1% of net sales.
- Operating EBITDA: 16.3% (₹242.4 Crores).
- PAT: ₹184.6 Crores.
- Cash Balance: ₹801 crores as of September 30, 2025.
Category-Wise Performance
Performance across key categories during Q2FY26:
- Fabric Care: Grew by 6.1%.
- Dish Wash: Declined by 3.8%.
- Personal Care: Declined by 4.3%.
- Household Insecticides: Declined by 8.9%.
Strategic Initiatives and Outlook
Jyothy Labs is focused on several strategic initiatives:
- Leading innovation in post-wash and sustaining value in detergents.
- Expanding the detergent portfolio across price tiers.
- Driving innovation in the dishwash portfolio.
- Building on innovation-led strength in household insecticides.
- Leveraging Margo’s heritage to expand into new personal care formats.
Key Strategic Focus Areas
The company’s future outlook includes:
- GST impact normalization and demand improvement to lift sequential growth.
- Modern and digital channels leading growth, with general trade picking up gradually.
- Maintaining margin trajectory through benign commodities and premium launches.
- Sustaining brand investment and innovation momentum.
Source: BSE
