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Jyothy Labs Target Price Set at Rs 496 by Geojit Financial Services

Geojit Financial Services has upgraded Jyothy Labs to a BUY rating with a target price of Rs 496, citing expected demand improvement in H2FY25 despite flat revenue growth in Q2FY25. The company reported a 3% YoY volume growth, while EBITDA margin improved to 18.9%. Challenges include rising input prices and a high base effect, but a strong distribution focus and new product launches are anticipated to drive future growth.
Moneycontrol
Jyothy Labs Ltd. IND
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07:53 05.12.2024
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