Jyothy Labs sees steady Q2 revenue and volume growth amid challenges

Jyothy Labs Limited reported Q2 FY26 net revenue of ₹736 crore, a 0.4% year-on-year increase, with a volume growth of 2.8%. For the half-year ended September 30, 2025, net revenue reached ₹1,487 crore, up 0.9%, and volume growth stood at 3.2%. The operating EBITDA margin for Q2 was 16.1% (₹118.3 crore), and for H1, it was 16.3% (₹242.4 crore). Profit After Tax (PAT) for Q2 was ₹87.8 crore, and for H1, it was ₹184.6 crore. The company maintained a cash balance of ₹801 crore as of September 30, 2025.

The Fabric Care portfolio showed a steady performance with 6.1% growth in Q2 FY26, driven by strong growth in liquid detergents. Dishwashing experienced a 3.8% decline in value due to MRP reductions and offers, but volumes remained healthy with 3.4% growth. Personal Care declined by 4.3% in Q2, primarily due to temporary GST transition disruption. Household Insecticides saw an 8.9% decline in Q2, facing near-term headwinds, but is focused on improving profitability.

The company's strategic initiatives include innovation in post-wash fabric care, expanding the dishwash portfolio, and leveraging Margo's heritage to enter new personal care formats. New product launches like Dr. Wool aim to strengthen presence in specialized garment care. Jyothy Labs expects GST impact normalization and demand improvement to drive sequential growth in the second half of the fiscal year.