Shares of Jyothy Labs Ltd. slumped more than 11% on Monday, May 11, after the company disclosed that Henkel will not renew the licensing agreements for the Pril and Fa brands beyond May 31, 2026.The Pril and Fa brands have been licensed to Jyothy Labs since 2011.
While the company said Fa does not materially contribute to overall sales, analysts believe the loss of Pril could have a meaningful impact on the business.
Pril is Jyothy Labs’ flagship dishwashing liquid brand and forms a key part of its dishwashing portfolio.The dishwashing segment, including liquids and bars, contributes nearly 30% of the company’s total revenue, with analysts estimating Pril alone accounts for nearly 12-15% of sales.
Following the announcement, Jyothy Labs shares fell as much as 11.07% to ₹232.55. The stock has now corrected nearly 55% from its peak levels.
