dyothy LABORATORIES LIMITED cin -L24240MH t992PL.c128651 “UJALA HOUSE’, Ramakrishna Mandir Road, Kondivita, Andheri (East), Mumbal-400 059 Te! : 8689 2800 O Fax 6689 2805 0 e-mail: infogiyothy.com LI wwryothylaboratories.com October 26, 2016 To, National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Scrip Code: JYOTHYLAB ‘Mumbai - 400054 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Scrip Code: 532926 < Mumbai - 400 023, Dear Sirs, Sub: Outcome of the Board Meeting held on October 26, 2016 UJALA With reference to the captioned subject and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its meeting held today at 11.30 am. and concluded at 1.30 p.m. have: 4. Approved the Un-audited Standalone and Consolidated Financial Results with Limited Review by the Statutory Auditors of the Company for the quarter and half year ended September 30, 2016. A copy of the said Unaudited Financial Results accompanied with the Limited Review Report by the Statutory Auditors of the Company is altached herewith, 2. Approved re-appointment of Mr. K. Ullas Kamath designated as Joint Managing Director & Chief Financial Officer for a period of § years, subject to approval of the Shareholders of the Company; 3, Approved re-appointment of Ms. M. R. Jyothy designated as Whole Time Director & Ci Marketing Officer for a period of 5 years, subject to approval of the Shareholders of the Company; 4. Approved raising of funds upto Rs.500 Crores through issuance of fresh non-convertible debentures on private placement basis subject to approval of the: Shareholders of the Company and redemption of 4000 Zero Coupon, Secured, Redeemable Non-Convertible Debentures aggregating to Rs.400 Crores. Also attached is the Press Release by the Company in respect ofits performance dluring the quarter ‘and haif year ended September 30, 2016. Kindly take the above on your record and oblige. Thanking you, Yours faithfully, For Jyothy Laboratories Limited (ee Shreyas Trivedi Head- Legal & Company Secretary Encl: As above.SRBC&COLLP Seung ena arg Chartered Accountants at es a Tet : #91 22.6192.0000 Foxis91 226192 1000 Limited Review Report Review Report to ‘The Board of Directors Jyothy Laboratories Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results of Jyothy Laboratories Limited (‘he Company’) and unaudited consolidated financial results of Jyothy Group comprising Jyothy Laboratories Limited (‘the Company’) and its subsidiaries (together, ‘the Group’), for the quarter ended September 30, 2016 (the “Statement”) attached herewith, being submitted by the Company pursuant to the requirement cf Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFS/PAC/62/2016 dated July 5, 2016. ‘This Statement is the responsibility of the Company's management and has been approved by the Board of Directors. Our responsibilty is to issue areport on the Statement based on our review. 2. We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410, Review of Tinterim Financial Information Performed by the Independent Auditor of the Entity issued by the Institute of | Chartered Accountants of India. This sandard requires that we plan and perform the review to obtain ‘moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 3. We did not review total revenues of Rs. 547 lacs forthe quarter ended September 30, 2016 and fotal assets Of Rs, 2,124 lacs as at September 30, 2016, included in the accompanying unaudited consolidated financial results relating to four subsidiaries, waose financial information are based on management accounts provided to us. Our conclusion on the unaudited quarterly financial results, in so far as it relates to such subsidiaries is based solely on these accounts. Our conclusion is not qualified in respect ofthis matter 4, Based on our review conducted as above on the unaudited interim financial results and other information relating to certain components certified by management and provided to us, nothing hes come to our atention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the Indian Accounting Standards prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No, CIR/CFSIFACI62/2016 dated July 5, 2016, including the manner in which it isto be disclosed, or that it contains any material misstatement. 5. We have not reviewed the standalone ani consolidated financial results and other financial information for the quarter ended September 30, 2015 as included in the Statement, which have been presented solely based ‘on the information compiled by the management. For $RBC&COLLP ICAI Firm registration number: 324982E/E300003 Chartered Accountants, ony per Vikram Mehta Partner Membership No.: 105938 Place: Mumbai Date: October 25, 2016SVOTHY LATORATORIES IENT OF STANDALONE/CONSOLIDATED UNAUDITED FINANCIAL RESULTS TED (CIN (aaDOMATDDAPL TINGS FOR THE QUARTER ENDED SEPTEMBER 30,2016 Registered Orce: Ujula House, Ramakrishna Madit Rozd, Kondivta, Ander! East, Munbal 400058 Amount (sin ls} Standalone Consort LE ccc Sie months ened “Quarter ene Six months ended Sane Boas | wane | 00205 | soa | soecan6 | soos | smos.016 [30.0308 Vuaualted | Unaudited | Unaudited | Unaudited | Unaudited | Unaudited] Unaudited Unaudlted | Unaudited | Unandited Tracom from operations kao niet Sates (gross oF excise day) ass] 309 saa sso] 019 aaa] asao7]——aaeso] santo] asa 2 oriee Operating come 2 39 7 a1 103 2 9 a 100, Total income from operations eo | Bars Saar asus | ___7a.z ar ase wie | aaa | ose Expenses (@)Costof ra materia an components consumed ben 1a 319 26,51 25,158 M453 13268 was} a2 2560 () Purchase of traded goods 11,668 4957 sz07 2n62s 1664 11155 8703 an 19.898, 16378 (© (Increase) decreas in inventories of faished gods, wos rors and waded aoods 24s] a7 coo} 037) as) 235] 216 ass] ans) 90) Id) Bsc duty and service tx ai payabte 1s 1495 1s 310 ta 277 1065 3 89 (Employee cost 3.706 30 3486 7316 sou 430 4461 soo 3831 as ( mpyee sock option expenses 2 M6 37 18 1661 2 4s 67 198 161 (@) Adverserent nd sales promotion expense 3.036 3026 210 os 509 62 3.188 3437 624s 6010 (0) Depreciation, amortisation and impairment 130 1312 133 2654 2 “08 116 ao 1402 (Other expenditure 5350 5153 5306 10705 6207 536 636 12008 1 [rater exponen a6. arse isan ana wae| seie| _aeuee 7590 | 73.301 | Prot rom Operations before Other Income, Financ cont ad Tax 4996 os 3s 11s sma S38 z2a0 4200 ead os otra Teane 127 71290 1335 25658 3038 309 269 2 38 35 roi from ordinary acne before Finance contd Tar G4 is 13.97 060 Sor 7529 0) Bare Tay Finnce Cos 1505 o 2536 2.888 Lat 1570 155, 3216 3155 rome rom ardinary aetvies before Tax “57697 6287 71.086 BT 305 3959 396 T0282 74 Hcp = 1207 230 218 To 16H 1208) 257 2 Profit fer tn fom ordinvy activities before 34a 5.086 asm ss soa 310 995 L390 20608 43% Minor ere az g 5 - - ‘oa 0) oD 185) 86) Ne Profit for the period asa Sanne 202 im S30 3202 a9 i997, 193 4502 [oer Conpreiensv ner eo) as) ap] co] rc) Go 7) 23] oO] 6 @ aCepeein ne [en sn faa] | a] a | zs 7300 SIGNED FOR IDENTIFICATION] Wy SRBC&COLLP MUMBAI %“SVOTHY LABORATORIES LIMITED (CINy L2¢RONIMIONAPLCIBEGSTY ‘STATEMENT OF STANDALONK/CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER EXDED SEPTEMBER 30, 2016 Registered Office: Ujnla House, Ramakrishna Mandir Road, Koadhta, Andheri East, Mumba 400059. ey lpia ale cs [Rote The above unavdied nancial resus ofthe Company for the quer ended September 30, 2016 were evened by the Fait Cammilice and aproved ly the Road of Dect a their ling held on Ostober 23,201 P. ‘he Company adopted dian Accounting Standard ("Ind AS") rom April 2016 and aceardingly thas Finacial esuls have been propre in accordance wth the recognition and miasurement principles lid down in Ind AS 24 Interim Finaneal Reporting presribed under Section 13 ofthe Companies Act, 2013 read with the relevant rls issued thereunder. The dite of usin o Ind AS is Api 1, 2015, The impact of tatston hs ben accounted {orn opening reserves and the comparative pero resus have been restated acoringl. The opening balance sheet sat Api, 2015 and the results fo the subsequent period would get finalised slong wih the anno finance statements fo the year ended March 31,2017, >. The financial results and financial information forthe quater endod Sepomber 30, 2015 has not been ated or reviewed and hasbeen presented based on the information compiled bythe managment afer making the necessary adjustments to give a re and aie view f terest in secordance wih Ind AS. ls. Reconcivon of Net Profit as previously reported on acento wanton fom the previo din GAAP tn adc AS forthe guar end 2016 Particulars Hsiatacs | Rsiatacs [ Rela tac [Rein Lam ‘Quirier ended ‘Six montis ended Slandalons [Consolidated | Standalone | Consolidated Vaaudited_| Unaudited | Unaudited _| Unaudited Reconctation of Net profit as reported aren Net prot forthe porlod (as per GAAP) 3.800 3877 8.03 i texput ofc vluation of financial ests & ESOP co) ) 5 i) Actuarial oss on Defined Benefit plas eclassfed to ther comprehensive income a 7 46 i) Amotsaton of Goodwill no longer alowed & reversed a9 5 m0 iv) terest computed on Zero Coupon Debonure eater secouted in securities 26) ase} ears} premium now adjstd in statement of profit and loss ) Detered ax ajsiments on ons) 9) ci Share in os apportioned to minor shareholders és ® : Net profit forthe period (as per Ind AS) 250 1987 sou orice Comprehensive income (not of tx) fe) 0) co) [Yotat Comprenesive come as per nd AS ast 1978 5954 s.Ratios have Boon computed a follows - Interest Service Coverage Ratio = Eamings before Finance cos, Depreciation and Tax / Fnac cost ee Daa Service Coenge Ratio = Eins bf ime Coa, Dopesation nd Tur (inees cen +Cunent marin of ora) SIGNED FOR IDENTIFICATION _Debt comprises long-term borrowings aud current maturity of long-term borcowit BY. f Z SRBC &COLLP MUMBALSIGNED FOR IDENTIFICATIO: BY NY SRBC&COLLP MUMBAI 4 TVOTHY LABORATORIES LIMITED STATEMENT OF STANDALONE/CONSOLIDATED UNAUDITED FINANCIAL RESULTS Amount (Rs in las) ‘Siandalone [Consolidated A ‘sat September 30, | As at September 30, [Particulars or, ee Unaudited Unaudited JEQUITY AND LIABILITIES es equity Share Capital, L816] 1si¢ lother Equity 1,087] 94223] equity attributable to equity hoklers of the parent 110,555] 96,039 INon-contoling interests 454] [Total equity 110553] 95;585| Liabilities INon-Curvent lial nancial Liabilities Borrowings : a0) Provisions 1,837] 1,996] [Deferred ix bilities (net) 8,075 3343 [Total Non-CurventHabilities 9.912) 5.979 current tabitities Kinanciat Liabilities Borrowings 4,300] 4,300 ‘Trade payables mI 735) Other Financial lisbilties 59,461 4.71 lOther current liabilities 5,240 5,660 Provisions 2.19 3.064 |curcent ix abilities (net) 1,899] 1,899 [Total Current i 30,650] 87.194] [Total Linbitities 90,562 33.173] [VOVAL ROUITY AND LIABILITIES 2.01,120 138,753 10 Previous period / year’s figures have been regroupedneerranged wherever nevessay, F 46. Ramachandran Ptsce: Mumbai Chaicman and Managing Director] Pate: October 25,2016, DIN : 40553406]TYOTHY LABORATORIES LIMITED ‘STATEMENT OF STANDALONE/CONSOLIDATED UNAUDITED FINANCIAL RE’ SULTS Amount (Rs in las) Notes: {6 During the quarter, the Company has alloted 459,058 equity shares of Re. 1/-cach, ata premium of Rs, 187,70: per equity share fo the option grantes upen exercise of options in terms ofthe Company’s Employee Stock Option Scheme. As a result of suc allotment, the paid-up equity share capital of the Company hes increased from 181,119,680 equity shares of Re. U- each o 181,578,738 equity shares of Re. I/- each. 7 Additional information required as per regulation 52(4) of Chapter V of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, () Credit Analysis and Research Lid (CARE) has affirmed "CARE AA (Double A) rating forthe Companys 4,000 Secured Redeemable Zero Coupon Non Convertible Debentures of Rs. 10,00,000 each of Rs40,000 lacs, (iy Debentures are secured by rst charge on fixed asses and selest Brands (Maxo and Exo), the asset cover thereat exceeds 15 times ofthe prinipal amount (iy Maturity date forthe Redemption of outstanding Debentures along with premium is November 14,2016 and the redemption amount is Rs54,720,09 les. (iv) The Company hns not issued any Redeemable Preference Shares, 8 On September 14, 2016, the company has fled the scheme of amalgamation of Jyothy Consumer Products Macketing Limited (wholly owned subsidiary) with the company inthe Honorable High Court of Bombay. The appointed date under the scheme is April 1, 2016 9 Statemont of Assets and Labi ‘Siandatone — [Consolidaved aeons ‘As at September 30, As at September 30, 2016 2016 Taaualt Tnawaied [ASSETS JNon-Current assets Property, plant and esuipment 25,096) 28,546) [Capital work in progress sn| on] |Gooawit 10,288 78,633) [Other Intangible assets 17,209) 4a} nancial assets Investments 24,423] 3 Loans sos7| 2.038 Other financial assets to| 10) Non curent tax assets (nt) 12,133 12351] lOther non current assets 8.436 8. [Total Non-Current Assets 749,508 132.415] |Current Assets Inventories 22,192] n,6n) [rinancial assets Investments ps 16s ‘Trade receivables 14,069} 14,90) Cash and eash equivalent 12433] Bou Othe financial asets 133] m7 lodber current assets 2,760 3,02) otal Current Assets 31,62] 36,335) roraL assurs 201,120 7,88,758)r REPORTING OF SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITI YOTHY LABORATORIES LIMITED es SIGNED FOR TDENTIFICATIOA| Wy ¢ &COLLP SRP TumaSiandatone Consotaated ek Tarmreaiel Simons edad carrera EI aI [_soneanie —[—sotoais | —sowwa0ie | —s009a01s | —aoaIe | soean1e | —soooaOTE | —soosane | — SUAS Unandted —| —Vnaudied | —Vnavaied | —Uraudted [Unaudited —[ Unaudited | —Unauaited — Unauted eget Aare A. Dishing ass p96 11391 1345s niga 1100 ons R013 3013 B. Patric Cae ‘2.646 ize 26 aie 32383 soit ass 32503 aps C. Housel isecces 15,586 13930 i330 15.586 i310 15339 ott 091 15339 13797 , Pesoml Cae inte aio 9539 inte 9539 bo. 349 4388 @o19 4588 Lamy service : é i : z 3539 6338 7791 B39 01 thers as 7 m0 iis on woe 383 om 102 om G, Unies asst 117204 wing] uz] 17204 uizaw| usar 11607 uis20| 3017 15200, Tota zara] ipsam | 19988 | aro | —_t 998 | 198799 [Ts 737 [Ts SezmentLabaies stares ssn san 4054 550 4034 sous 5.658 aan sou aan B. FebrieCae 3316 9359 654 B56 ese ous 1002s 716 317s 1216 C. Housed nssicdes 4288 2216 ain ‘za aun 4250 2221 468 230 468 D. Personal Cae 3076 3,700 2044 306 ow 33 3769 2.993 3123 2993 tetra : : 4 A "64 146 "26 "64 26 F. Othas a ai isi au isi 35 a 1 335 fa 6. Vmtoc ities a93 6009 sis exn9 eam 6.307 onze e582 oan Tota 56 | wa asa oka oa oT BID S00 TB S00 Rowe 1 Dishwashing includes dish wash serubber and serubber ste, dish wash bar, liquid and powder. Fabric Care includes fabri whitener, fabric enbancer, bar soap and detergent powder. Household Insecticides includes mosquito repellent coil, liquid and card and insect repellents, Personal Care includes body soap, face wash, foothpast, deodorant, talcum powder, aftr shave and moisturiser. Laundry services includes drycleaning and laundry, Others ineldes incense sticks ‘and flooshine. 2 Based on the "management approsch” as defined in Ind AS 108 - "Operating Segments, the Chief Operating Devsion Maker evaluatcs the Company's performance and allocate resources based on an analysis of various performance indicators by business segments and segment information i presented accordingly. SIGNED FOR IDENTIFICATION For and on behalf ofthe boar} BY SRBC&COLLP MUMBAL MP. Ramachandeon Place: Mumbai (Chairman and Menaging Director Date: October 25,2016, DIN : 00553406For immediate release dyothy LABORATORIES LIMITED Jyothy Laboratories Ltd Q2FY17 (Consolidated) Net Sales up 6.64% at Rs. 433.49 crore Net profit up 61.20% at Rs. 32.02 crore Editor Synopsis, Q2FY17 v/s Q2FYI6 © Net Sales at Rs, 423.49 crore v/s Rs. 406.50 crore, up 6.64% © Net Profit at Rs. 32.02 crore v/s Rs. 19.87 crore, up 61.20% © Operating EBIDTA margin at 14.82% v/s 13.64% © Basic EPS at Rs. 1.77 v/s Rs. 1.10 ‘HAEY27 v/s H1FY16 Net Sales at Rs. 887.46 crore v/s Rs. 825.84 crore, up 7.46% Net Profit at Rs. 77.93 crore v/s Rs. 45.61 crore, up 70.85% Operating EBIDTA margin at 16.36% v/s 15.07% Basic EPS at Rs. 4.30 v/s Rs. 2.52 Mumbai, October 25, 2016: lyothy Laboratories Ltd (JLL), the Indian FMCG company, today reported a Net Sales of Rs. 433.49 crore for the quarter ended September 30", 2016 up 6.64% as against Rs. 406.50 crore for the corresponding quarter last year. During the same period, the Net Profit stood at Rs. 32.02 crore, as against Rs. 19.87 crore; up 61.20%. The Operating EBIDTA margin for the quarter stood at 14,82% as against 13.64% reported in Q2FY16. ‘The company reported Basic EPS of Rs. 1.77 as against Rs. 1.10 in the corresponding quarter of last year. For the six months period, JLL reported Net Sales of Rs. 887.46 crore, up 7.46% as against Rs. 825.84 crore during the first half of FY16. Net Profit for H1FY17 stood at Rs. 77.93 compared to Rs. 45.61 crore compared to corresponding period of previous fiscal; up 70.85%. The Operating EBIOTA margin for the six months period to September 30”, 2016 was at 16.36% as against 15.07% reported in H1FY16. The company reported EPS of Rs. 4.30 as against Rs. 2.52 in the corresponding period last year.Consolidated Segmental Performance (Q2FY17 v/s Q2FY16) Fabric Care: Includes Fabric Whitener, Fabric Enhancer, Bar Soap, Detergent Powder ‘© Revenues for the quarter ended September 30” 2016 stood at Rs. 175.99 crore, up 3.26% compared to Rs. 170.44 crore in Q2FY16. Segment Results for the same period stood at Rs. 33.14 crore over Rs. 26.55 crore reporting a rise of 24.82%. Dishwashing: Includes Dish Wash Scrubber and Scrubber Steel, Dish Wash Bar, Liquid and Powder © Revenues for the quarter ended September 30” 2016 stood at Rs. 129.87 crore up 12.18% as against Rs. 115.77 crore. Segment Results for the same period were recorded at Rs. 16.12 crore, as against Rs. 12.42 crore in Q2FY16 posting a growth of 29.79%. Household Insecticides: Includes Mosquito Repellent Coil, Liquid and Card ‘© Revenues for the quarter ended September 30" 2016 stood at Rs. 67.57 crore as against Rs. 64.53 crore, up 4.71%. Segment Results for the same period were recorded at Rs. 3.36 crore, as against Rs. 3.41 crore in Q2FY16, an decrease of 1.47%. Personal Care: Includes Body Soap, Face Wash, Toothpaste, Deo Classic, Talcum Powder, After Shave, Moisturizer ‘© Revenues for the quarter ended September 30” 2016 stood at Rs. 36.48 crore up 1.36% as against Rs. 35.99 crore. Segment Results for the same period were recorded at Rs. 7.12 crore, as against Rs. 4.94 crore in Q2FY16, an increase of 43.93%. Commenting on the performance, Mr. MP Ramachandran ~ Chairman & Managing Director, Jyothy Laboratories Ltd said, “The first half of the current financial year has been in line with our expectations. With @ normal monsoon this year coupled with increased government spending, we are confident of improvement in the consumption scenario in the coming quarters.” “On the product front, the initial launch of Crisp & Shine witnessed a good response amongst the consumers from Tamil Nadu. We are confident of replicating the same in the newer markets as well. Besides, we continue to invest behind our brands and continue to focus on increasing our market share across categories without compromising our margins,” he further added. ABOUT JYOTHY LABORATORIES: Jyothy Laboratories Ltd, a fast moving consumer goods Company was founded in 1983 by Mr. MP Ramachandran. Over the years the company has evolved from a single product proprietary firm into a multi brand, BSE & NSE listed company involved in the manufacturing and marketing of products in fabric care, mosquito repellant, surface cleaning, personal care and incense sticks. The company boasts of 10 brands in its kitty including Ujala, Maxo, Exo, Henko, Pril, Margo, Neem, Chek and Mr. White that are well-known and established brands in their respective categories. ‘The company is also engaged Into service sector in organized laundry to provide “World class laundry at affordable price at your doorstep” through its subsidiary ‘Iyothy Fabricare Service;For more information, please contact: Neetu Kashiramka ice President- Finance, Jyothy Laboratories Ltd [Tel: +91-22- 6689 2800 E-mail: neetu@iyothy.com [Snehal Vaidya lAdfactors PR 91 98201 67242 IE-mail: snehal.vaidya@adfactorspr.com