Buy Jyothy Labs, target price Rs 190: Kunal Bothra
Kunal Bothra recommended to keep stoploss at Rs 178.
Jyothy Labs Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 6696.05 Crore) operating in FMCG sector.
Jyothy Labs Ltd. key Products/Revenue Segments include Personal Care which contributed Rs 1767.70 Crore to Sales Value (99.93 % of Total Sales), Scrap which contributed Rs 1.00 Crore to Sales Value (0.05 % of Total Sales) and Other Operating Revenue which contributed Rs .17 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2019.
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 474.85 Crore, up 12.38 % from last quarter Sales of Rs 422.53 Crore and up 8.68 % from last year same quarter Sales of Rs 436.94 Crore Company has reported net profit after tax of Rs 53.59 Crore in latest quarter. The company’s top management includes Mr.K Ullas Kamath, Mr.M P Ramachandran, Mr.Nilesh B Mehta, Mr.R Lakshminarayanan, Ms.Bhumika Batra, Ms.M R Jyothy. Company has B S R & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 367,208,644 shares outstanding.