Jyothy Labs Limited has informed the Exchange about Transcript
JYOTHYLAB · price
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Awaiting price reaction for this filing.
Jyothy Labs reported Q3 FY26 revenue of INR 740 crore, up 5.1% in value and 7.2% in volume year-on-year, driven by volume-led growth in Fabric Care (+9.2%), Personal Care (~11%), and Household Insecticides (+12.6%). For the 9 months ended December 2025, revenue stood at INR 2,227 crore with volume growth of 4.5%. The Dishwash category saw 7% volume growth but 1.3% value decline due to competitive price cuts of 8-9% by a large player. Gross margin fell sharply by 330 basis points to 46.5% on lower realizations and elevated input costs (LABSA, SLES), dragging EBITDA margin to 15% (down ~150 bps YoY) and Q3 PAT to INR 81 crore. The company expanded direct retail reach from 13 lakh to 14 lakh outlets, exited its Bangladesh JV (JKBL) at a INR 4 crore loss, and launched new products like Dr.Wool detergent and Maxo Aerosol.
Near-term margin pressure is likely to persist for the next couple of quarters given ongoing competitive intensity in Dishwash and sticky input costs, with management declining to give any margin guidance. The volume-led growth and distribution expansion are positives, but stock may remain weak until gross margin recovery becomes visible.