HDFC Securities Recommends ‘High Conviction’ Buy on Jyothy Labs with ₹575 Target Price

HDFC Securities is optimistic about Jyothy Labs and has started coverage on the FMCG stock with a strong buy recommendation. The brokerage believes Jyothy Labs will see significant volume growth and strong profits over the next three years, setting a target price of ₹575, up from the current price of ₹448.20.

HDFC Securities expects Jyothy Labs’ revenue to grow by 12%, EBITDA by 16%, and net profit by 17% from FY24 to FY27. They believe Jyothy Labs is one of the few FMCG companies positioned for solid growth in volumes, mid-teens EBITDA growth, and high-teens net income growth.


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