Jyothy Labs reported Revenue from Operations growth of 5.1% to Rs 740 Crores for Q3 FY26, with volume growing by 7.2%. However, the quarter faced margin pressure, with the Gross Margin contracting to 46.5% from 49.8% last year. The company detailed strategies across its core categories, including strong momentum in Fabric Care and targeted investments in the Dishwash segment, while laying out a future path focusing on double-digit volume growth.
Q3 FY26 Financial Performance Snapshot
Jyothy Labs has announced its financial results for the third quarter of FY26 (ended December 31, 2025). The company achieved a Revenue from Operation of Rs 740 Crores, marking a 5.1% increase over the previous corresponding period (PY). Volume growth for the quarter stood robustly at 7.2%. This performance is contextualized by a challenging environment, as evidenced by a decline in profitability metrics.
Key financial parameters for the quarter compared to the previous year:
- Gross Margin: Decreased to 46.5% from 49.8%.
- Operating EBITDA: Declined to 15.0% (Rs 110.7 Crores) from 16.5% (Rs 115.8 Crores).
- PAT (Profit After Tax): Fell by 7.2% to Rs 81.1 Crores from Rs 87.4 Crores.
- A&P Spend: Reduced to 7.7% of Revenue from Operation (Rs 56.8 Crores) from 9.0% last year.
Year-to-Date (YTD) FY26 Performance
For the nine months ended December 31, 2025, the company’s performance shows:
- Revenue: Grew by 2.2% to Rs 2,227 Crores, with volume growth at 4.5%.
- Gross Margin: Stood at 47.5%, down from 50.4% in the same period last year.
- Operating EBITDA Margin: Contracted to 15.9% from 17.8% PY.
- PAT: Reduced to Rs 265.7 Crores from Rs 294.2 Crores PY.
Market Context and Category Growth
The company noted that rural demand remains resilient, supported by urban consumption recovery, and volume growth is gaining momentum. However, Gross Margins are under pressure due to lowering prices and higher consumer offers.
Category performance for Q3 FY26 showed significant divergence:
- Household Insecticides led growth at 12.6%.
- Fabric Care grew by 9.2%.
- Personal Care saw strong growth at 10.9%.
- Dishwashing faced a contraction of -1.3%.
Category Approach for FY26
Jyothy Labs is focusing its FY26 approach on several key areas:
- Fabric Care: Leading innovation in post-wash while sustaining value in detergents and expanding the portfolio across price tiers.
- Dish Washing: Driving innovation and expanding the portfolio to strengthen brand equity and market share.
- Household Insecticide: Building on innovation to expand into consumer-relevant formats and ensure sustainable growth.
- Personal Care: Leveraging Margo’s heritage to expand into new formats and driving distribution expansion.
In the Fabric Care segment, the Ujala franchise sustained momentum, with new launches like Ujala Crisp & Shine Intense strengthening premiumization efforts. For Detergents, the company gained market share across powder and liquid formats, supported by refreshed SKUs and the launch of Dr. Wool in Northern and Eastern markets.
In Dishwash, Exo prioritized media investment to strengthen its Anti-Bacterial proposition, while Pril focused on visibility in Modern Trade and e-commerce with growth driven by the core 750 ml pack and larger refills.
The Personal Care segment saw the continuation of the national multimedia campaign featuring Raashii Khanna for Margo, alongside efforts to build awareness for the newly launched Jovia soap.
Way Forward and Outlook
Looking ahead, the company has outlined its forward strategy:
- Drive volume-led growth and target hitting the double-digit growth trajectory in the near term.
- Increase focus on premium product sales and scale up newly launched products to help mitigate margin pressures.
- Sustain brand investments and innovation as key enablers for long-term growth.
Shareholding Pattern (As of December 31, 2025)
The ownership structure as of the end of the second quarter of FY26 indicates that the Promoter and Promoter Group holds the largest stake at 62.89%. DIIs hold 15.85%, followed by FIIs at 13.26%, with the Public holding 8.00% of the company.
Source: BSE
