Zydus Wellness Ltd share Price Today

Zydus Wellness (ZWL) is one of the FMCG companies present in healthcare, nutrition & related products. The company has six brands i.e. Sugarfree, Complan, Glucon-D, Nycil, Everyuth & Nutrilite

• It commands dominant market share in Sugar substitute (96%), Prickly heat powder (34.2%) & Glucose powder (60.4%) categories
• The company has more than 850 distributors with direct reach of 0.6 million retail outlets. Its high gross margins at ~55% give it a leeway to spend ~13% of sales on advertisement to support new products

Zydus reported healthy results with 10.3% volume growth

• Sales were up 16.6%YoY led by 10.3% volume growth & 6% price hikes
• EBITDA was at Rs 148.1 crore, up 5.5% YoY, with margins at 21.3%
• Consequent adjusted PAT was at Rs 139.9 crore, growth of 6.9%

Packaged Foods company Zydus Wellness announced Q2FY24 results:

1. Net Sales Performance:
For the second quarter ended September 30, 2023, Zydus Wellness reported consolidated net sales of Rs 438 crore.

2. Key Brand Performance:
Several key brands, including Glucon-D, Everyuth, Nycil, and Nutralite, recorded a strong performance during the quarter. These brands have consistently delivered positive results.

3. Market Leadership:
The Sugarfree brand maintained its leadership in its category with a market share of 96.1%. Glucon-D also continued to dominate the market with a market share of 60.0%. These brands have established themselves as market leaders.

4. Digital Engagement:
The company actively promoted Glucon-D's new variants of mango flavor and sachets through digital engagement with consumers. This strategy has helped in creating awareness and driving sales.

5. Volume Growth:
Complan, the company's health food drink brand, continued to register volume offtake growth ahead of the category. It has gained a market share of 4.4% as of September 2023. This indicates increased consumer preference for the brand.

6. Strong Performance in Personal Care:
In the personal care segment, Zydus Wellness brands Nycil and Everyuth outperformed their respective categories. Nycil maintained its number one position in the prickly heat powder category with a market share of 35.2% and registered double-digit growth. Everyuth Scrub and Everyuth Peel off also held their number one positions in their respective categories, displaying consistent consumer demand.

Result PDF