See company growing ahead of peers in coming quarters
S Raghunandan, whole-time director and CEO of Jyothy Laboratories
Feb 16, 2016 | Source: CNBC TV 18
• Raghunandan says, Ujala, the company’s lead brand in the fabric whitener segment enjoys a dominant position with 78 percent market share. The company’s other major product in the soaps and detergent segment, Henko Matic, is also gradually increasing market share, which is now at 8 percent pan-India from 5.6 percent last year. Home care products of the company, driven through its brand Maxo, is likely to witness more than 20 percent compounded revenue growth in next few years.
• S Raghunandan says that Jyothy Laboratories will grow ahead of peers in most segments over the coming few quarters.
• Ujala and Henko, both the brands have gained share and both of them have grown ahead of the market. Even though the markets have come down a little bit in value terms because of the aggressive price drop strategies adopted by competition. So going forward, we expect both Ujala and Henko to continue to gain market shares and grow ahead of the market in the next three-four quarters.
• Homecare segment is driven by Maxo which is our leading insect repellent brand and we have had a slightly better season in December quarter where our coil business, which is the main stay for Maxo grew in high double digits as well as liquid vaporisers where we grew almost by 55 percent in this quarter. We expect that the strong outperformance in homecare through our lead brand Maxo will continue in the next few quarters to come...