Jyothy Labs Limited
Franklin Templeton Mutual Fund decreased its stake in Jyothy Labs Limited from 1.35% to 1.34%, selling 50,000 shares.
A diversified household products manufacturer headquartered in Kerala, Jyothy Labs produces fabric care, dishwashing, household insecticides, and personal care products across multiple consumer segments. The company holds established market positions through well-recognized brands including Ujala in post-wash care, and Pril and Exo in dishwashing segments. Founded in 1983, it serves the domestic FMCG industry with a comprehensive product portfolio catering to millions of households.
Indian arm of Franklin Templeton Investments, a global AMC with over USD 1.5 trillion in assets worldwide. Manages over Rs 1.2 lakh crore in India. Navigated a significant setback when six debt schemes were wound up in April 2020 due to illiquid credit exposure, with full investor capital recovered by 2022. Equity franchise led by CIO Anand Radhakrishnan has maintained consistent performance through the volatility.