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Jyothy Labs (532926) investor relations material
Jyothy Labs Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 FY26 saw a favorable macro environment with easing inflation, GST rate cuts, and improved consumer confidence, supporting a visible recovery in daily essentials and home care demand.
Q3 FY26 revenue rose 5.1% year-over-year to Rs 740 crores, with volume growth of 7.2%.
Rural markets remained robust due to good monsoons and government spending, while urban demand improved, especially in modern trade, e-commerce, and quick commerce channels.
Gross margin declined to 46.5% from 49.8% year-over-year, reflecting pricing and input cost pressures.
Un-audited financial results for the quarter and nine months ended December 31, 2025, were approved by the Board and reviewed by statutory auditors with no material misstatements identified.
Financial highlights
Q3 revenue from operations was INR 740 crores (₹73,961 lakhs), up 5.1% year-on-year, with volume growth of 7.2%.
Gross margin for Q3 was 46.5%, down from 49.8% year-on-year, mainly due to MRP cuts and higher input costs.
EBITDA margin stood at 15% for Q3, with operating EBITDA at INR 111 crores, and PAT at INR 81 crores.
For the nine months ended December 2025, revenue was INR 2,227 crores (₹2,22,688 lakhs), gross margin 47.5% (down from 50.4%), EBITDA margin 15.9% (down from 17.8%), and PAT INR 266 crores (down from INR 294 crores).
Advertisement and promotion spend: 7.7% of revenue in Q3, expected to remain in 8%-9% range.
Outlook and guidance
Management expects gross margins to remain subdued for the next couple of quarters due to continued input cost inflation and competitive intensity.
Cautious optimism for sustained consumption recovery, with gradual margin improvement anticipated as raw material prices stabilize.
No specific EBITDA margin guidance provided; management will reassess after observing market stabilization.
Focus on driving volume-led growth and premium product sales to offset margin pressures.
Continued investment in brands and innovation as long-term growth drivers.
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