Zydus Wellness Ltd on Monday reported a profit jump of 254.2 per cent for the fiscal second quarter at Rs 20.90 crore in comparison to Rs 5.90 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 492.90 crore, up 12.0 per cent as against Rs 439.90 crore during the same period of previous financial year. The company EBITDA stood at Rs 19.8 crore, up 17.2 per cent on-year.
During the period, the company entered into a definitive agreement to acquire Naturell (India) Private Limited, a healthy snacking company with a turnover of approx. Rs 119 crore (FY 2023-24 as per Ind AS). The transaction is expected to be EPS accretive for Zydus Wellness from the very next year post-acquisition.
Q2 performance across brands
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During the quarter, Zydus Wellness’ iconic brands continued to fare well and posted growth:
In the food and nutrition segment, Zydus Wellness said that Glucon-D continued to maintain its number one position with 59.4 per cent market share. The Glucose powder category has grown by 20.8 per cent at a MAT level. Further, the Sugar Free brand maintains its dominant position with a commanding market share of 93.9 per centin the sugar substitute category which has grown by 5.4 per cent at MAT level. Sugar Free Green continues to experience strong double-digit growth driven by increasing volume uptake, it added.
The nutrition drink category continued showing signs of revival across key metrics. Complan has added nine lakh households over last year as per MAT August-24 reports of Kantar Panel. While the category has grown by 2.8 per cent at MAT level, Complan’s market share stood at 4.1 per cent at MAT level.
In the personal care segment, Zydus Wellness’ brands Nycil and Everyuth continued to register a strong performance. The prickly heat powder category has grown by 21.6 per cent at MAT level. Nycil has maintained its number one position with a market share of 34.3 per cent, on favorable summer season and consistent media visibility.
Everyuth posted growth of 17.3 per cent at MAT level. Everyuth Scrub has maintained its leadership position with market share of 46 per cent in the facial scrub category, which is an increase of 355 basis points over the same period last year.
The Peel off category has grown by 26.4 per cent at MAT level. Everyuth Peel off maintains its number one position with a market share of 77.9 per cent in the Peel off, which is an increase of 189 basis points over the same period last year.
New product launches
Zydus Wellness forayed into the adult nutrition space delivering high quality protein with pre and probiotics to support Gut-Muscle Axis under the brand name Complan Viemax. Bringing in a plant-based table spread under the umbrella of Nutralite, the company has introduced a 100 per cent plant-based buttery spread in two delicious variants: Olive and Garlic & Herbs.
Zydus Wellness has also ventured into the cheese category with Nutralite Professional and launched a few variants of mayonnaise and fat spreads. Following a strong positive response from international markets, the company has launched Sugar Free D’lite Cookies in India.
From: financialexpress
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