Axis Securities maintains Buy on Jyothy Labs, lowers target price to Rs 450
Axis Securities maintains its buy call on Jyothy Labs with a target price of Rs 450 (Rs 500 earlier). The current market price of Jyothy Labs is Rs 395.95. Jyothy Labs, incorporated in 1992, has a market cap of Rs 14449.66 crore, operating in the FMCG sector.
Jyothy Labs' key products/revenue segments include Personal Care, Sale of services and Scrap for the year ending 31-Mar-2024.
Financials For the quarter ended 31-12-2024, the company has reported a Consolidated Total Income of Rs 718.30 crore, down -3.75% from last quarter Total Income of Rs 746.29 crore and up 4.39% from last year same quarter Total Income of Rs 688.09 crore. The company has reported net profit after tax of Rs 87.40 crore in the latest quarter.
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