Zydus Wellness Ltd posts surge in Q1FY21 consolidated PAT to Rs. 89.20 crore

ZYDUS WELLNESS LTD. has reported financial results for the period ended June 30, 2020.

Financial Results (Q1 FY 2020-21) - QoQ Comparison

The company has reported total income of Rs.539.19 crores during the period ended June 30, 2020 as compared to Rs.489.17 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.89.20 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.69.10 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.15.47 for the period ended June 30, 2020 as compared to Rs.11.98 for the period ended March 31, 2020.

Financials	Q1 FY2020-21	Q4 FY19-20	% Change
Total Income	₹ 539.19 crs	₹ 489.17 crs	10.23%
Net Profit	₹ 89.20 crs	₹ 69.10 crs	29.09%
EPS	₹ 15.47	₹ 11.98	29.13%

Financial Results (Q1 FY 2020-21) - YoY Comparison

The company has reported total income of Rs.539.19 crores during the period ended June 30, 2020 as compared to Rs.623.28 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.89.20 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.80.40 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.15.47 for the period ended June 30, 2020 as compared to Rs.13.95 for the period ended June 30, 2019.

Financials	Q1 FY2020-21	Q1 FY2019-20	% Change
Total Income	₹ 539.19 crs	₹ 623.28 crs	-13.49%
Net Profit	₹ 89.20 crs	₹ 80.40 crs	10.95%
EPS	₹ 15.47	₹ 13.95	10.9%

The past quarter was an unprecedented one due to the COVID-19 pandemic impacting company's operations in the early part of the quarter. However with the logistical challenges being resolved and approvals for re-starting manufacturing plants and operating C&FA warehouses coming in, the Company was able to recover from the early setbacks. While the sales for the month of April 2020 was impacted due to COVID, the month of May saw a revival of sales growth followed by double digit growth in the month of June.

During the quarter, Zydus Wellness launched several innovative products. Foraying into the toddler health food drink segment, the Company launched Complan Nutrigro which packs in nutrition with a 50:50 proportion of whey & casein. The product is being promoted through doctors. The Company also launched Nutralite Choco Spread in two flavours through the e-commerce platform. As an extension to its Glucon D brand, the Company's new offering Glucon-D Immuno volts is ready for the market. The tasty energy bites, fortified with Vitamin C, Vitamin D, zinc and glucose, boost immunity. Complan in a convenient 75 gms satchet is also ready for launch.

Coping with the pandemic, the Company continues to be agile in its responses and execution of its plans. Stepping up the marketing initiatives for its marquee brands, Zydus Wellness has been harnessing the power of digital communications and social media to reach out to its customers. Sugar Free was promoted using the #StayHomeStayFit challenge.

Shares of ZYDUS WELLNESS LTD. was last trading in BSE at Rs.1561.5 as compared to the previous close of Rs. 1605.5. The total number of shares traded during the day was 2595 in over 635 trades.

The stock hit an intraday high of Rs. 1628.9 and intraday low of 1555. The net turnover during the day was Rs. 4099332.

Source : Equity Bulls

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