Buy Jyothy Labs, target price Rs 600: Axis Securities
Jyothy Labs with a target price of Rs 600. The current market price of Jyothy Labs Ltd. is Rs 568.7. Jyothy Labs Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 20772.99 Crore) operating in FMCG sector.
Jyothy Labs Ltd. key Products/Revenue Segments include Personal Care, Sale of services and Scrap for the year ending 31-Mar-2024.
Financials For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 755.53 Crore, up 12.27 % from last quarter Total Income of Rs 672.96 Crore and up 7.31 % from last year same quarter Total Income of Rs 704.04 Crore. Company reported net profit after tax of Rs 101.69 Crore in latest quarter.
Promoter/FII Holdings Promoters held 62.89 per cent stake in the company as of 30-Jun-2024, while FIIs owned 15.1 per cent, DIIs 14.35 per cent.
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