Analyst Corner: Upgrade Jyothy Labs to ‘buy’, revised TP at Rs 190
Jyothy Labs’ (JLL) revenue grew 15% in Q3FY21, higher than the consensus expectations, driven by strong execution – penetrating rural markets, increasing throughput, recovery in MT and CSD channels (almost flat sales YoY) and significant investment behind brands (ad-spends up 40% YoY).