Profit −88%, Stock Flat? Jyothy Labs Buyback Catch | Jyothy Labs Q2 FY27 Tamil

For 40 years Jyothy Labs said four drops of Ujala make a shirt white. This quarter its profit fell 88%, and the EBITDA margin went from 16.1% to 2.5%. Three months ago the CFO said margins wouldn't fall much lower. The same day came a ₹147 crore buyback, and the stock closed flat. In Tamil: crude, the Pril exit, every segment, management's guidance and the catch in the buyback. You're watching the Ikigai Market Report. ⏱ Chapters 0:00 Jyothy Labs Q2 FY27: profit −88%, stock flat 0:56 Results: sales grow, margins break 1:38 The ₹100 maths: why it's all crude 3:04 Segments: fabric, home and personal care · the Pril exit 4:23 Management guidance: "an aberration year" 5:03 The buyback and its catch 5:51 The stock and its valuation 6:27 The verdict 📊 Key numbers (Q2 FY27 = Jul–Sep 2026, vs a year earlier) • Revenue ₹760 cr, +3.3%; excluding Pril & Fa +12.4% in value, +8.1% in volume • Gross margin 34.8% (48.1%); EBITDA ₹19.2 cr (₹118.3 cr), margin 2.5% (16.1%; Q1 FY27 8.4%) • PAT ₹10.6 cr (₹87.8 cr), −87.9% • Of every ₹100 of sales, raw and packing material took ₹65.2 (₹51.9) — our maths from the P&L • Fabric Care +10.4%, PBIT margin 6.2% (20.8%) · Home Care −7.1% (ex-Pril +15.3%), PBIT loss ₹12.8 cr · Personal Care +11.2%, PBIT margin 6.1% (2.7%) • Price increases ~4% vs cost inflation of 13–14%; HDPE/PP +55–60% (management, Q2 call) • Inventory ₹344 cr → ₹428 cr (Mar → Sep 2026); H1 operating cash flow −₹12.8 cr • Buyback: up to 68.4 lakh shares at ₹215 (~₹147 cr), tender offer, record date 11 Nov 2026; promoters not participating • Cash including FDs and mutual funds ₹846 cr (30 Sep 2026) • Close ₹188.13 (4 Nov 2026); peak close ₹579.2 (Sep 2024); trailing P/E ~33x (our maths) ⚠️ Educational content only. Not investment advice. Do your own research before investing. When crude falls, do Jyothy's margins come back, or is this structural? Tell me in the comments. #JyothyLabs #Ujala #FMCG #StockMarketTamil #Buyback #IndianStockMarket #IkigaiMarketReport