Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 5 Oct - Allotment of Equity Shares pursuant to exercise of Restricted Stock Units under ESOP.
Source: Bse
Jyothy Labs Limited (JYOTHYLAB)
Micro CapFMCG stocks · Micro cap · NSE
Founded in 1983, Jyothy Labs operates primarily in Home Care and Personal Care, segments constituting 50% of the Indian FMCG industry. Key categories include Fabric Care, Dish Wash, Household Insecticides, and Personal Care. FY26 revenue was Rs 2,944 crores. Holds #1 in Fabric Whitener, #2 in Dishwash, and #2 in Mosquito repellent coil (volume).
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals14 Oct 2026 · screener
Latest result12 Aug, 01:09 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags15 Aug 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · FMCG P/E 37.8 (n=42)
Technical timing lens
Trend score and candlestick chart
29BearishSMA20 -6.2% / mo · MACD + · near 52W low · sector -4.5pp vs Nifty 500 (3M)
Stock trend: 37
Sector RS: 18
Sector 3M: -10.2% vs Nifty 500 -5.6%
FMCG FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
JYOTHYLABD candles · FIT view-27.0%Latest close ₹189.19 on 2026-10-19
Bar
-0.9%
RSI
47
MACD hist
0.91
52W pos
6%
2026-10-19O ₹190.85H ₹192.99L ₹188.00C ₹189.19Vol 1.4L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
JYOTHYLABNifty FMCGNifty 500
- JYOTHYLAB
- -5.9%
- Nifty 500
- -5.6%
- Nifty FMCG
- -10.5%
- Vs Nifty 500
- -0.3 pp
Chart stats
19 Oct 2026- From 52W high
- -41.8%
- 52W range position
- 6%
- ATR (14)
- 2.6%
- Volume vs 20D
- 0.43x
- Avg traded value
- ₹5.5 Cr
- 20D price channel
- ₹180 - ₹197.4
₹325
₹180 - ₹325
₹5
Latest completed session
20-session average
25.8% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · FAIR VALUE49
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +2.9% · PAT -50.5% YoY
Technical
Bearish29
Price trend and sector-relative-strength timing.
Valuation
Legacy model-1.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence79
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100PAT -51% YoY · margin compression · Rev +3% YoY · +8% QoQ
Filed 12 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹773 Cr | +2.9% | +7.8% |
| EBITDA | ₹65 Cr | -47.6% | -33.0% |
| Operating margin | 8.0% | -900 bps | -500 bps |
| PAT | ₹48 Cr | -50.5% | -29.4% |
| PAT margin | 6.2% | -671 bps | -327 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 24.20
- P/B
- 4.32
- EV/EBITDA
- 15.26
- Market Cap
- 6861.00Cr
Profitability
- ROE
- 21.70%
- ROCE
- 28.70%
- ROA
- 12.61%
- Dividend Y
- 1.87%
Growth (CAGR)
- Revenue 5Y
- 9.00%
- EPS 5Y
- 9.00%
- Revenue 3Y
- 6.00%
- EPS 3Y
- 14.00%
Balance Sheet
- Debt/Equity
- 0.03
- Interest Coverage
- 78.00×
- Altman Z
- 9.11
- Book Value
- 43.30
Cash Flow
- FCF Yield
- 1.97%
- FCF Positive Y
- 12/5
- OCF
- 412.00 Cr
- EPS TTM
- 7.74
Shareholding
- Promoter Hold
- 62.89%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 5%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 773+7.8% vs prev
Net Profit
₹ CrLatest: 48.0-29.4% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 47. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~6.6% over last month) — short-term momentum negative.
- RSI(14) at 47 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 42% off 52W high · 5% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
16
RS percentile
Stage 4 Downtrend
1M return
-3.0%
3M return
-5.9%
6M return
-26.6%
1Y return
-39.7%
RS 1D
0
RS 20D
-1
Sector rank
#13
Industry rank
#61
Stage evidence
- Price is 9.2% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -3.1%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
weakening
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 62.79+0.53%
RS vs Nifty 50063
Valuation & peers
U-Score 49 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 49 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation5/30
Growth9/25
Quality11/20
Balance Sheet13/15
Cash Flow5/10
Piotroski
8/9 (+5)
Penalties
1
Raw sum
49
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
49/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Balance sheet contributes 13/15 to the score.
- Quality contributes 11/20 to the score.
Main drags
- Fair-value margin of safety is negative at -1.4%.
- Valuation is weaker at 5/30; verify the latest quarterly trend.
- Growth is weaker at 9/25; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
24.2
PB
4.3
EV/EBITDA
15.3
ROE
21.7%
ROCE
28.7%
FCF Yield
2.0%
Debt/Equity
0.0
MoS
-1.4%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
49
Previous: 49
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
-1.4%
Previous: -1.4%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
74
74
74
74
48
48
48
49
49
49
49
49
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹86.84
-117.9% MoS
Growth-justified P/E
24.1
Growth-justified Value
₹186.53
-1.4% MoS
PEG
2.20
Comparable companies
Peers
Business-comparable peers in FMCG — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
MARICO
Mid
Marico Limited
FMCG
match 140
50
53.6
42.8%
-122%
FAIR VALUE
BECTORFOOD
Micro
Mrs. Bectors Food Specialities Limited
FMCG
match 134
33
43.1
11.4%
+6%
WATCHLIST
HERITGFOOD
Micro
Heritage Foods Limited
FMCG
match 130
30
32.6
12.6%
-432%
OVERVALUED
BIKAJI
Large
Bikaji Foods International Limited
FMCG
match 123
47
45.5
17.5%
-1%
FAIR VALUE
HONASA
Large
Honasa Consumer Limited
FMCG
match 118
43
59.0
15.7%
-28%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis under stressReviewed 2026-06-09T19:53:01.844Z
Management commentary snapshot
Q4 FY26 revenue grew 7.7% YoY with 10.8% volume growth, but EBITDA fell 13.7% and PAT dropped 12.3% due to gross margin contraction. FY26 saw 3.5% revenue growth and 6% volume growth, with EBITDA down 10% and PAT down 10.2% YoY, reflecting sustained margin pressure.
Despite decent volume growth in Q4 and FY26, significant gross margin contraction and declining EBITDA/PAT raise concerns. Management prioritizes growth over margins, indicating continued pressure. The ability to pass on costs and competitive intensity will be key to margin recovery.
Current business mix
Business Share by Category (Q4 FY26)
Latest issuer-disclosed distribution across 6 reported categories.
Fabric Care (Main wash)36.0%
Dishwashing31.0%
Personal Care10.0%
Household Insecticides (HI)10.0%
Fabric Care (Post wash)9.0%
Others4.0%
Growth engines
Fabric Care Portfolio
Fabric Care remained the growth engine, with strong performance across portfolio. Liquid detergents scaled ~2X.
Organized Channels
Modern Trade, E-commerce & Quick Commerce grew 26%, showing continued shift towards high-growth channels.
Household Insecticides
Household Insecticides progressing towards profitability, with improved mix led by Liquid Vaporizers and new formats.
Innovation & New Launches
Focused innovation driving future growth with key launches like Dr. Wool liquid detergent, Exo variants, and refreshed Margo pack.
Tailwinds
Improving Consumption Trends
Growth strengthened in H2 FY26 with improving consumption trends.
Organized Channels Expansion
Organised channels gained share with Modern Trade, E-commerce, and Quick Commerce continuing to expand.
Headwinds
Muted Demand Environment
Delivered 6% volume growth despite a muted demand environment in FY26.
Input Cost Inflation
Input cost pressures building up led by inflation in crude-linked derivatives and packaging inputs.
Retail Inflation & Crude Prices
Persistently high crude prices and retail inflation pose a risk to the overall demand momentum.
Competitive Intensity
Competitive intensity stayed high with price-offs, higher grammage driving consumer choice.
Risk radar
Margin Pressure
Margins remained under pressure as full pass-through of steep cost increases was difficult.
Volatile Demand Environment
Growth to be prioritised over margins, with continued focus on driving volumes in a volatile environment.
Input Cost Volatility
Margins likely to remain subdued in the near term, given limited ability to pass on full input cost inflation.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
The presentation explicitly provides Q4 FY26 versus the same period last year and FY26 versus the same period last year for all financial metrics, indicating a focus on annual comparisons. No sequential (QoQ) data is provided for financial performance.
Sector KPIs management disclosed
Volume Growth (Q4 FY26)
Volume grew by 10.8% in Q4 FY26.
Volume Growth (FY26)
Delivered 6% volume growth despite a muted demand environment in FY26.
Gross Margin (Q4 FY26)
UNDER_STRESSGross Margin at 45.2% vs. 49.2% in the same period last year.
Gross Margin (FY26)
UNDER_STRESSGross Margin at 47.0% from 50.2% in the same period last year.
Management forward view
Prioritizing Growth over Margins
Growth to be prioritised over margins, with continued focus on driving volumes in a volatile environment.
Subdued Near-Term Margins
Margins likely to remain subdued in the near term, given limited ability to pass on full input cost inflation.
Selective Price Increases
Selective price increases underway, with gradual pass-through aligned to demand elasticity.
Focus on Organized Channels
Organised channels to remain key growth drivers, with rising salience in overall sales mix.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Gross Margin Trend | Q4 FY26: 45.2% (vs 49.2% PY); FY26: 47.0% (vs 50.2% PY) | Signs of stabilization or recovery, indicating successful cost pass-through or easing input costs. |
| Volume Growth | Q4 FY26: 10.8% YoY; FY26: 6% YoY | Sustained double-digit volume growth, especially in a challenging demand environment. |
| Organized Channel Contribution | Modern Trade, E-commerce & Quick Commerce grew 26% | Continued strong growth and increasing salience of organized channels in overall sales mix. |
| Input Cost Inflation | Pressures building up from crude-linked derivatives and packaging inputs. | Any moderation in input cost inflation or improved ability to pass on costs without impacting demand elasticity. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
79Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 88th percentile of the scored universe and 70th percentile within FMCG. Main check: results consistency is weak at 46/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
134 docs text-extracted · 47 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
88th percentile
overall median 67 · FMCG: 70th pctile, median 79 · Micro: 79th pctile, median 73
Evidence depth
Financial-only
134 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
82
strong · capital discipline
Results
46
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 62.9%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 2%.
- ▸12 years of positive FCF.
Trust risks
- ▸0/4 latest quarters had positive YoY PAT growth.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Jyothy Labs Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 15 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 9 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 8 Sep
Source: Bse
Investor presentation
Announcement under Regulation 30 (LODR)-Investor Presentation 12 Aug
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.