JL Morison (India) Ltd
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BSE Code:
506522
NSE Code:
JLMORI
Business Profile
Business Profile
JL Morison India (JLMORI), a part of the Rasoi group, is engaged in the business of manufacturing and marketing personal care, oral care, and foot care products. The company was incorporated in 1934.
The company offers products like skincare creams and lotions, men`s shaving toiletries, deodorants, soaps, talcum powder, medicated toothpaste, foot care products, baby care feeding bottles and accessories. Some of the brands under which the company markets its products are Nivea, Emoform, Snoreeze, Lignotox, Carnation and Morisons. Its manufacturing unit is in Waluj-Aurangabad, Maharashtra. JL Morison has partnerships with Beiersdorf AG (Germany) for personal care products, Dr. Wild & Company (Switzerland) for oral care, and Cuxon Gerrard & Company (England) for foot care. It also markets the Morisons range of baby feeding bottles and nipples, skin care and toiletries, shaving brushes and cologne.
The company has an all India network of sales and distribution with services reaching to over 200,000 outlets via a network of 1,200 distributors. It has 21 depots spread across the country integrated through a single IT network and a 200 plus trained professional field force serving distributors and the main retail stores on a regular basis. The company has been appointed as exclusive distributor by Merisant India for the promotion and sale of their tabletop sweetener products under the brand name EQUAL in India.
The corporate and registered office of JL Morison India is located at Rasoi Court, 20, Sir R.N. Mukherjee Road, Kolkata-700001.
Financials
JL Morison (India) registered a 322.22% growth in net profit to Rs 3.8 million for the quarter ended June 2007 from a profit of Rs 0.9 million for the quarter ended June 2006.
Net sales rose 68.86%, to Rs 302.6 million for the quarter ended June 2007 from Rs 179.2 million for the quarter ended June 2006.
Total income rose 66.16% to Rs 318.2 million for the quarter ended June 2007 from Rs 191.5 million for the quarter ended June 2006.
The earnings per share (EPS), of the company stood at Rs 2.8 for the quarter ended June 2007.
Future Plans
The company is planning to enter the packaged foods sector. Besides, the company is in talks with several companies for mutually-profitable business partnerships. It is also working on means to strengthen the Morisons brand through range extension.