CARE reaffirms A1+ rating to Jyothy Laboratories’ STD programme

Credit rating agency, CARE has reaffirmed A1+ rating to Rs 600 crore Short Term Debt (STD) programme of Jyothy Laboratories.

The ratings derive strength from the strong financial profile of the company characterized by steady growth in the sales, healthy cash accruals and low gearing ratios.

Jyothy Laboratories is engaged in the manufacturing and marketing of FMCG products catering to broadly three segments viz., fabric-care, mosquito repellant and dishwashing. It is predominantly a domestic player, with the presence in the rural as well as urban markets across the country.