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Jyothy Labs Annual Report Summary

  • Jyothy Labs Limited, established in 1983 by Mr. M. P. Ramachandran, is a well-recognized FMCG company in India.The company manufactures an extensive range of products, including fabric care, dishwash, mosquito repellent, and personal care products such as Houses well-recognized brands like Ujala, Exo, Maxo, among others through its 23 world-class facilities scattered throughout India.

  • Jyothy Labs is striving to enhance its market presence through strategies focusing on new market penetration, heightened brand awareness, and innovative product offerings.

  • In the fiscal year 2022-23, despite facing increased input costs and market uncertainties, the company astutely strategized new product launches. These launches saw the addition of new liquid detergents under the renowned Henko and Ujala brands, each catering to varied market segments with distinctive features.

  • Regarding rural outreach, the company has implemented van and moped sales models to deepen its reach in these areas, introducing smaller unit packs preferred in these regions. This effort, backed by a substantial distribution network, is geared towards capturing a larger market share, paving the way for a stronger market foothold and broader expansion.

  • In recent times, Jyothy Labs Limited has amplified its sustainability pursuits, adopting a robust plan to lessen its carbon footprint through the initiation of a 45-acre green belt and investments in renewable energy.

  • In the reviewed year, Jyothy Fabricare Services Limited (JFSL), a fully owned subsidiary of the company, merged with the parent company, Jyothy Labs Limited, following the approval of the Scheme of Amalgamation. This approval was granted by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, through an order issued on February 24, 2023.

  • Following the approval of the Scheme of Amalgamation of Jyothy Fabricare Services Limited with the company, the revised authorised share capital of the company now stands at ₹3,08,85,00,000.

  • During the year, the company remained focused on strengthening its presence further across the segments of our business, in Home and Personal Care, which together contribute 50% of the total Indian FMCG industry.

  • During FY 2022-23, Revenue was ₹2,486 Crore (revenue surged by 13.2%), Direct Reach: 1.1 million outlets, Product Availability: 2.8 million outlets, Daily Units Sold: 4.8 million. We reported healthy results across product categories and channels, enabling us to deliver double-digit growth for the full year on a 2-year as well as a 3-year CAGR basis.

  • The net profit for the 2022-23 fiscal year escalated to ₹23,952.40 Lacs, marking a substantial increase of 72.7% compared to the previous financial year.

  • Business-wise, the company is focusing on boosting growth through enhanced distribution strategies, rural franchising, and a heightened focus on premium products, facilitated by extensive digitalization.

  • The company aims to be affordable, accessible, and acclaimed for high quality. Implements advanced technologies to expand distribution and meet customer needs. Focuses heavily on R&D to adapt to consumer's changing requirements.

  • In R&D and Innovation, there is recent emphasis on creating sustainable, eco-friendly products. The company also Introduced liquid detergents in response to market trends and consumer preferences, offering features like stain removal and germ protection.

  • Technologically, the firm is advancing with significant updates in its Distributor Management System, automating and streamlining operations, and emphasizing analytical approaches for better decision-making.



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