Jyothy Labs Q2 FY27 Results (NSE: JYOTHYLAB)
Signal: Steady quarter
The read
The trajectory deteriorated sharply after Q1: revenue growth slowed to 3.26% YoY from the recent 2.95% base, while EBITDA margin fell to 4.58% from 10.65% in the prior quarter and 18.37% a year earlier; the loss of Home Care profitability is the key inflection to monitor.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹760.04 Cr | +3.26% | -1.73% |
| EBIT | ₹17.71 Cr | -85.25% | |
| Net profit | ₹10.6 Cr | -87.92% | |
| EPS | ₹0.29 | -87.87% | |
| EBIT margin | 4.58% |
P&L walk
Standalone revenue increased 3.26% YoY to ₹76,004 lakh, but gross margin compressed 1,328bps to 34.77% and EBITDA margin fell 1,379bps to 4.58%, driving EBIT down 85.25% and PAT down 87.92%; the principal segment deterioration was Home Care, which moved to a ₹1,283 lakh loss from a ₹814 lakh profit.
Segments
Home Care was the principal drag: revenue fell 7.13% YoY to ₹28,238 lakh and segment result swung from a ₹814 lakh profit to a ₹1,283 lakh loss, while Fabric Care revenue rose 10.43% and Personal Care revenue rose 11.17%.
Key positives
- Fabric Care revenue increased 10.43% YoY to ₹38,658 lakh and Personal Care revenue increased 11.17% to ₹9,108 lakh, outpacing consolidated revenue growth of 3.26%.
- The company approved a buyback of up to 68,37,210 shares, or 1.86% of paid-up capital, at ₹215 per share for up to ₹14,700 lakh; promoters stated they will not participate.
- Finance cost declined 2.21% YoY to ₹133 lakh and EPS tracked PAT, with both declining about 88% rather than showing a dilution-driven divergence.
Key concerns
- Gross margin compressed 1,328bps YoY to 34.77%, while raw material cost rose to 59.83% of revenue from 52.14%; the filing does not disclose the specific driver.
- EBITDA margin fell 1,379bps YoY to 4.58% and PAT dropped 87.92% to ₹1,060 lakh despite revenue growth of 3.26%.
- Home Care segment result swung to a ₹1,283 lakh loss from a ₹814 lakh profit, making it the clearest business-level deterioration.
- Operating cash flow fell to ₹19,645 lakh in H1FY27 from ₹21,651 lakh in H1FY26, while cash and cash equivalents declined to ₹2,212 lakh from ₹5,259 lakh at March 31, 2026.
Research and educational content only. Not investment advice.