Jyothy Labs Q4 FY12 net profit up 21 pc to Rs 27.9 cr
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Jyothy Laboratories Ltd Stock News, Analyst Calls And Reviews
Detergent and liquid blue manufacturer Jyothy Laboratories has nominated ex-Reckitt India MD S Raghunandan as its new chief executive officer (CEO) and full-time director.
Mr. S Raghunandan joins the company on May 23, ending Jyothy’s year-long hunt for a chief executive officer.
A graduate of IIM Calcutta and BITS Pilani, Mr. S Raghunandan had only a 3-week spell at Reckitt earlier this year after joining the company accompanying the acquirement of Paras Pharmaceuticals by the latter in December 2010.
His unexpected departure from Reckitt citing private and health causes had shockd many.
At Jyothy, Raghunandan said that his task would be to make sure that complete integration of the Mumbai-based company with Henkel happens eventually.
While Jyothy's joint MD Ulhas Kamath did commence the procedure of integration a year ago, driving synergies and slashing costs, Raghunandan said that there is room for more.
The Rs 600-crore Henkel acquirement, which took place during 2011 effectively put Jyothy, the manufacturer of Ujala Washing Powder and Ujala Blue, in the midst of the top five fast moving consumer goods (FMCG) firms in India with a collective turnover of Rs 1,300 crore having a presence in categories comprising fabric care, surface cleaners, personal care, oral care and household insecticides.
Jyothy Laboratories Ltd announced that its net profit grew by 21.83% to Rs 27.9 crore for the three month period ended March 31.
The stock looks good for medium or long term investment.
The investors can buy the stock on declines.
Jyothy Labs Q4 FY12 net profit up 21 pc to Rs 27.9 cr
Jyothy Laboratories has target of Rs 300: PN Vijay
