ICICI Securities: Jyothy Labs’ Investment Behind Core Brands To Drive Growth
A woman looks at bottles of “Ujala Supreme fabric whiteners”, made by Jyothy Laboratories Ltd.(Photographer: Abhijit Bhatlekar/Bloomberg News) 

ICICI Securities: Jyothy Labs’ Investment Behind Core Brands To Drive Growth

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Jyothy Laboratories Ltd.’s strong Q2 beat was an outcome of two factors—the company’s execution of go-to-market strategy and efficient supply chain and 85% of portfolio focused on hygiene (both personal and home).

Seen through the category-state construct, the company is the market leader (or a strong number two) in most categories and that should benefit in times like these.

The company’s prudent business approach (continuing cash sales, controlled trade schemes) inspires confidence.

Click on the attachment to read the full report:

ICICI Securities Jyothy Labs Q2FY21 Results Update.pdf

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