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Jyothy Labs’ merger with Henkel to be completed by March-end

08 Feb 2013 Evaluate

Jyothy Laboratories’ merger with Henkel India is expected to complete by March-end. This merger was announced in the first quarter of FY13. By February end, the company will get all the mandatory court approvals, paving the way for the merger. Through this initiative, companies aim to ramp up sales to about Rs 3,000 crore in the next five years. The combined entity is also expected to double ad spends to nearly 10-12% of sales from 6% now.

The company has reported 10.39% fall in its net profit at Rs 26.05 crore for third quarter ended December 31, 2012, as compared to Rs 29.07 crore for the same quarter in the previous year. However, total income of the company has increased by 22.77% at Rs 204.51 crore for quarter under review as compared to Rs 166.58 crore for the quarter ended December 31, 2011.

Jyothy Labs Share Price

238.45 9.40 (4.10%)
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