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Motilal Oswal Report
Jyothy Laboratories Ltd. reported better-than-expected numbers in Q2 FY21.
The outlook also appears good for the next couple of quarters, supported by
- continued tailwinds in the dishwashing and household Insecticides categories,
- 40% sales contribution coming from rural (which is likely to fare even better in H2 FY21), and
- a highly favorable base in the two remaining quarters ( versus sales decline of 6.2% YoY in Q3 FY20 and 24.2% in Q4 FY20).
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