Zydus Wellness Ltd Q1FY22 consolidated net profit at Rs. 130.80 crores

ZYDUS WELLNESS LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.599.97 crores during the period ended June 30, 2021 as compared to Rs.607.52 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.130.80 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.133.13 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.20.56 for the period ended June 30, 2021 as compared to Rs.20.92 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 599.97 crs	₹ 607.52 crs	-1.24%
Net Profit	₹ 130.80 crs	₹ 133.13 crs	-1.75%
EPS	₹ 20.56	₹ 20.92	-1.72%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.599.97 crores during the period ended June 30, 2021 as compared to Rs.539.19 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.130.80 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.89.20 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.20.56 for the period ended June 30, 2021 as compared to Rs.15.47 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 599.97 crs	₹ 539.19 crs	11.27%
Net Profit	₹ 130.80 crs	₹ 89.20 crs	46.64%
EPS	₹ 20.56	₹ 15.47	32.9%

During the quarter gone by the company's key brands, Sugar Free, Everyuth Scrub and Everyuth Peel Off, Glucon D and Nycil continued to hold strong positions in their respective categories. The company's E-commerce sales witnessed multifold increase during the quarter. The international business also recorded a high double digit growth rate during the period.

Glucon-D has maintained its number one position with a market share of 58.2% in the Glucose powder category. Glucon-D Immunovolt, continued to deliver steady business. Complan which has a market share of 5.5% in the malted food (MFD) category delivered a good double digit sales growth during the quarter. Nycil maintained its number one position with a market share of 35.2% in the Prickly heat powder category, which is an increase of 161 basis points over the same period last year. Nycil Soothing Body Mist was launched during the quarter. Everyuth Scrub has maintained its number one position with a market share of 36.9% in the facial scrub category, which is an increase of 289 basis points over the same period last year and Everyuth Peel off has maintained its number one position with a market share of 77.6% in the Peel off category. Everyuth brand now has a market share of 6.3% in the overall facial cleansing segment. Nutralite delivered strong growth both in institutional and retail business during the quarter despite lockdown in key markets. The leading Sugar substitute brand Sugarfree continued its good momentum during the quarter and delivered a decent growth over the huge base of previous year's comparable quarter.

With an intent to become leaner and more efficient through business projects including disintermediation and digitization of processes across the value chain, the company has embarked on the next phase of transformation journey post integration called Transformation 2.0. Under this project the company has initiated a number of projects from sales, supply chain to people functions which will help it become more agile by embracing the digital way of working.

Shares of ZYDUS WELLNESS LTD. was last trading in BSE at Rs. 2151.6 as compared to the previous close of Rs. 2152.8. The total number of shares traded during the day was 831 in over 290 trades.

The stock hit an intraday high of Rs. 2177.55 and intraday low of 2150.1. The net turnover during the day was Rs. 1796638.

Source : Equity Bulls

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