Soaps & Detergents Include Fabric Whiteners

MRW I scratch a mosquito bite on the bottom of my foot

Jyothy Laboratories Limited engages in the manufacture and marketing of fabric whiteners, soaps, detergents, mosquito coils, and incense sticks in India. The company offers liquid fabric whiteners under the Ujala brand name; mosquito repellents under the brand name of Maxo; and dish washing soaps and scrubbers under the Exo brand name. It also provides fabric enhancers under the Ujala Stiff & Shine brand name; personal care toilet soaps under the brand name of Jeeva; incense sticks under the Maya.Jyothy Laboratories Ltd is an India-based company. The company is principally engaged in manufacturing and marketing of fabric whiteners, soaps, detergents, mosquito coils and incense sticks. They operate in two segments: Soaps & Detergents and Home Care. Soaps & Detergents include fabric whiteners, fabric detergents, dish wash bar and soaps including ayurvedic soaps and Home Care products include incense sticks, dhoop and mosquito coils and scrubber, it also include tea and coffee. The company is headquartered in Mumbai.
The company has 28 manufacturing facilities across 15 locations, Trichur, Wynad, Roorkee, Pondicherry, Bangalore, Chennai, Hyderabad, Bhubaneshwar, Bankura, Guwahati, Baddi, Silvassa, Salem, Jammu and Pithampur. Most of their units are ISO 9001 and ISO 14000 certified units. The company exports their products to 14 countries including Sri Lanka, Bangladesh, Mauritius, Malaysia, UAE, Hong Kong and Saudi Arabia. Jyothy Laboratories Ltd was incorporated on January 15, 1992 as a private limited company with the name Jyothi Laboratories Pvt Ltd. The company was originally started as a proprietary concern in Kerala by M P Ramachandran. In the year 1992, the company commissioned factory in Chennai to make Ujala. In the year 1994, they commissioned a plant in Pondicherry, their first in a backward area utilizing Government incentives. In the year 1995, the company launched Nebula, an oil-based antibacterial washing soap in Kerala. In October 6, 1995, the company became a public limited company and the name was changed to Jyothi Laboratories Ltd. In August 12, 1996, they further changed their name to Jyothy Laboratories Ltd. In the year 1997, they launched Ujala all over India.
In the year 2000, the company launched Maxo (mosquito repellent) in the state of West Bengal. Also, they launched Exo, an antibacterial dish water bar in Kerala. Later, they launched Exo across Karnataka, Tamil Nadu and Andhra Pradesh. In the year 2001, the company acquired detergents plant at Pithampur, Madhya Pradesh from Tate Chemicals Ltd. They launched Vanmala washing soap in Kerala and Maya incense sticks in selected states. In the year 2002, the company acquired Sri Sai Homecare Pvt Ltd, which has a mosquito coil production facility in Hyderabad. Thus, Sri Sai Homecare Pvt Ltd became a subsidiary company. Also, the company launched Jeeva Ayurvedic Soap in the market. In the year 2005, the company launched Exo Liquid and Ujala Stiff & Shine in South India. During the year 2006-07, the company started marketing and distributing coffee products under the brand name ‘Continental Speciale’ in a joint venture with CCL Products (India) Ltd. They acquired trademark and copyright for the brand ‘More Light’ and ‘Ruby’. Also, they launched extensions in the household insecticide segment under the brand name ‘Maxo’ – Liquid and Aerosol. In November 2006, the company established a 50:50 joint venture company with Shobha Kapoor and Ekta Kapoor, namely Balaji Telebrands Ltd for marketing and distribution of Ekta’s ‘Karyasiddhi Graha Shanti Dhoops’.
During the year 2007-08, the company commenced production in new manufacturing facilities at Jammu in Jammu & Kashmir for making mosquito repellent coils, Roorkee in Uttarakhand for making Ujala fabric whitener and Baddi in Himachal Pradesh for Ujala Stiff and Shine. In March 2008, they launched Ujala Stiff & Shine all over India. During the year 2008-09, the company forayed into service sector through new venture ‘Jyothy Fabricare Services Ltd’, a subsidiary company for providing world class laundry at affordable price at consumer doorstep. They launched Jyothy Fabric Care Services Ltd and Fabric Spa. They launched Exo Dish wash liquid in all southern states and Exo Floor Shine products in the State of Kerala. In April 2009, the company commenced full scale production of mosquito repellent coils in their Jammu unit. In October 2009, they expanded Exo dishwashing line from South India to Pan India. In November 2009, they launched fabric Spa at Bangalore. Also, the company bought technology DEPA, a repellent formulation for protection from all blood sucking insects and mosquitos from DRDO. In February 2010, they launched multi insect repellant in collaboration with prominent division of Defence Research and Development Establishment.
The company has proposed to amalgamate Sri Sai Homecare Products Pvt Ltd, a wholly-owned subsidiary company with the company with effect from April 1, 2010. They have planned brand extension to take Ujala detergent to other states in a phased manner. The company is in talks with West Bengal-based detergents and allied products company Safechem Industries to buy their flagship laundry detergent brand, Safed. The company is looking to buy two fabric whitener brands for up to Rs 2.50 billion by the end of December. According to the Consolidated – Audited financial statement for the Year of 2012, total net operating revenues increased with 45.46%, from INR 643.29 tens of millions to INR 935.74 tens of millions. Operating result increased from INR 73.28 tens of millions to INR 83.91 tens of millions which means 14.51% change.
The results of the period decreased -36.97% reaching INR 38.22 tens of millions at the end of the period against INR 60.64 tens of millions last year. Return on equity (Net income/Total equity) went from 9.61% to 6.24%, the Return On Asset (Net income / Total Asset) went from 8.40% to 2.69% and the Net Profit Margin (Net Income/Net Sales) went from 9.43% to 4.08% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 231.76% compared to 114.44% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 4.64 to 1.69 when compared to the previous year.

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