Jyothy Labs reported mixed results for Q2 FY26, with revenue up 0.4% to ₹736 crore and volume growth of 2.8%. The company faced GST-related disruptions in September but anticipates stronger demand in the second half. Despite input cost pressures, Jyothy Labs maintained an EBITDA margin of 16.1%. The company expects a gradual improvement in demand and stability in commodity prices going forward.
Financial Performance Highlights
In Q2 FY26, Jyothy Labs reported a revenue of ₹736 crore, representing a 0.4% value growth and 2.8% volume growth. The gross margin for the quarter was 48.1%. Operating EBITDA stood at ₹118 crore, while PAT reached ₹88 crore.
Segment Performance
The Fabric Care segment showed encouraging results, with value growth of 6.1% and high single-digit volume growth. Liquids more than doubled year-on-year. The Dish Wash segment experienced a volume growth of 3.4% despite a 3.8% value decline. The Personal Care segment was affected by the GST transition in September, but the company expects it to normalize in H2 FY26. Household Insecticides growth remained muted.
Strategic Outlook and Initiatives
Jyothy Labs is focused on organic growth, strengthening core categories, and investing in innovation. The company is aiming for double-digit volume growth by the exit of this year. It is actively exploring M&A opportunities and is in discussions with several businesses. The company has a strong cash balance of ₹801 crore and remains debt-free.
Q1 FY26 Results
For the half-year ended September 30, 2025, revenue from operations was over ₹1,487 crore, with 1% value growth and 3.2% volume growth. Fabric Care and Dishwash segments delivered mid-to-high single-digit volume growth. Operating EBITDA margin was 16.3%.
GST Impact and Channel Performance
The GST rate revision in September caused some disruptions. Personal Care was the most affected category due to GST. General trade remained subdued, while modern trade, e-commerce, and quick commerce maintained double-digit growth.
Looking Ahead
The company expects demand to strengthen gradually through the second half of the year. Jyothy Labs expects EBITDA margin to remain in the range of 16%-17% in the second half, assuming stable commodity prices and improving demand.
Source: BSE