Jyothy Labs’ operating margin halves as West Asia crisis, Henkel exit hurt
· livemint.com
Despite taking a blended 4-4.5% price hike in the June quarter, the company's operating Ebitda margin slumped to 8.4%, from 16.5% a year ago. The company's performance was also hurt by German partner Henkel AG's decision in May to walk away from a 15-year licensing deal for the Pril and Fa brands.
Household and personal care products maker Jyothy Labs is facing a double blow as higher raw material costs due to the West Asia war and the loss of its Pril an...