Jyothy Labs Ltd(JYOTHYLAB)

NSE: JYOTHYLABBSE: 532926

₹ 175.25-1.21%refreshed 23 Oct, 03:55 pm ISTMarket cap: ₹ 6,435 crNext results: 4 Nov 2026Website: www.jyothylabs.comUpdated: 24 Oct 2026

About

Jyothy Labs Ltd is an Indian household and personal care company selling fabric care, dishwashing, household insecticides and personal care products under brands including Ujala, Henko, Exo, Morelight, Maxo and Pril (until May 2026). The company distributes directly to 1.4 million retail outlets across India.^[1][2][3][4]

Business segments

Fabric Care: 45.7% of FY26 revenue (₹1,345.88 cr), EBIT margin 19.9% - detergent powders, bars and liquid detergents under Henko, Ujala, Mr. White and Morelight.^[2]
Dishwashing: 32.6% of FY26 revenue (₹959.31 cr), EBIT margin 15.7% - dish bars, rounds and liquid under Exo and (until May 2026) Pril.^[2]
Personal Care: 10.9% of FY26 revenue (₹320.84 cr), EBIT margin 7.9% - soaps and personal hygiene products including the Fa brand (until May 2026).^[2]
Household Insecticides: 6.7% of FY26 revenue (₹196.04 cr), EBIT loss of ₹4.64 cr - coils, liquid vaporizers, aerosols and rackets under Maxo.^[2]
Others: 4.2% of FY26 revenue (₹122.22 cr), near breakeven EBIT - ancillary products. From Q1 FY27, reporting restructured to three segments: Fabric Care, Home Care and Personal Care.^[2][5]

Key operating numbers

Overall volume growth was 6% in FY26 and 10.8% in Q4 FY26; ex-Pril and Fa, volume growth was 5.3% and value growth 8.1% in Q1 FY27.^[3][5]
Gross margin: 47.0% in FY26 (down 320 bps YoY), 45.2% in Q4 FY26 (down 400 bps YoY), and 38.5% in Q1 FY27 (down ~950 bps YoY) on acute crude-linked input cost inflation.^[3][5]
Advertising and promotion spend: 7.7% of net sales in FY26, down to 6.5% in Q1 FY27 (vs 10.8% in Q1 FY26) as input cost pressure prompted a cut.^[3][5]
Fabric Care: 14.4% value growth and 17.8% volume growth in Q4 FY26; 14% value growth and 10% volume growth in Q1 FY27, with liquid detergents growing strongly across all four brands.^[3][5]
Household Insecticides losses reduced from ₹25 cr in FY25 to ~₹5 cr in FY26; liquid vaporizer mix reached 55% of HI portfolio in Q4 FY26 vs ~50% the prior year.^[3]
Net working capital improved to 15 days in FY26, down 4 days YoY.^[3]

Customers and distribution

Direct retail reach: 1.4 million outlets as of FY26, up ~100,000 outlets YoY from 1.3 million in FY25; company adds 50,000 - 100,000 general trade outlets per year.^[3][4]
Modern trade, e-commerce and quick commerce together grew 26% in FY26 and 25 - 30% in Q1 FY27, the fastest-growing channels; general trade was muted due to lower urban demand.^[3][5]
Export focus is on select markets (Middle East and Southeast Asia) following the exit from the Bangladesh subsidiary JKBL in Q3 FY26.^[4]

Products and brands

Fabric Care: Ujala (post-wash whitener), Henko (premium detergent), Mr. White and Morelight (detergent powders/bars/liquids); liquid detergents nearly doubled in FY26.^[3][5]
Dishwashing: Exo relaunched with bio-enzyme formulation across bar, round and liquid formats in FY26 as the full dishwash franchise anchor following the Pril licence exit.^[3]
Household Insecticides: Maxo coils, liquid vaporizers (LV crossed coil volumes in Q2 FY26), aerosols and anti-mosquito rackets; Maxo Agarbatti (incense sticks) launched nationally in July 2026.^[6][5]
Personal Care includes soaps and hygiene under legacy brands; Dr. Wool (premium liquid detergent for woollens) launched in Q2 FY26 to expand fabric care into a premium niche.^[6]

Recent developments

Henkel did not renew the fixed-term licences for Pril and Fa; Jyothy Labs ceased manufacturing and distribution of both brands effective 1 June 2026. Pril contributed ~7 - 8% of company revenue (~₹225 - 240 cr).^[3]
Exo bioenzyme dishwash liquid launched as franchise anchor to replace Pril; described as making encouraging progress in Q1 FY27 though still at early scale-up stage.^[5]
Maxo incense sticks launched nationally in July 2026 using Transfluthrin molecule with CIB&RC government approval, fronted by Kareena Kapoor Khan as brand ambassador.^[5]
Bangladesh subsidiary JKBL divested in Q3 FY26 after more than 10 years of operations, incurring a ~₹4 crore loss on exit.^[4]
Segment reporting restructured from five to three segments (Fabric Care, Home Care, Personal Care) under Ind AS 108 from Q1 FY27, with comparative numbers restated.^[5]
M&A pipeline described as active in Q1 FY27 with stringent strategic filters; no timeline for announcement provided.^[5]

Input costs and margin pressure

Approximately 50 - 60% of inputs are crude-linked; LABSA prices rose 60 - 65% from January to April 2026; HDPE and PP packaging rose ~50 - 55% in March - April 2026.^[3]
Raw material inflation running 30 - 35% in Q1 FY27, with soap noodles prices also rising from June 2026, adding pressure to the Personal Care segment.^[5]
Price increases of ~4% at portfolio level were taken in March 2026 and ~3% in Q1 FY27; management working on reducing dependence on crude-linked materials via plant-based and biodegradable alternatives.^[3][5]

Market Cap

₹6,435 Cr

High / Low

₹323 / 171

Stock P/E

32.6

Price / Book

5.9

Book Value

₹43

EPS

₹9.1

No. of Shares

36.72 Cr

ROCE

30.1%

ROE

22.4%

OPM

15.2%

Debt / Equity

0.00

Sales

₹2,944 Cr

Net Profit

₹333 Cr

Promoter holding

62.9%

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Jyothy Labs Ltd(JYOTHYLAB)

About

Business segments

Key operating numbers

Customers and distribution

Products and brands

Recent developments

Input costs and margin pressure

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