Zydus Wellness Ltd records 20 per cent net sales growth in Q1, ET HealthWorld

Ahmedabad: For the first quarter ended June 30, 2024, Zydus Wellness Ltd, recorded its highest ever Q1 net sales growth of 20 per cent which stood at Rs 8,391 million year-on-year (Y-o-Y).

The company registered growth in EBIDTA of 33.3 per cent y-o-y basis to Rs 1,553 million. Net profit for the quarter grew by 33.8 per cent and stood at Rs 1,477 million. Adjusted PAT grew by 39.6 per cent y-o-y after eliminating exceptional items and one-time deferred tax assets from the comparable quarter of the previous year. During the quarter, the company repaid its debt in full, thus de-leveraging its balance sheet and yet retaining its strong cash position at the quarter end.

During the quarter, the company’s products posted excellent growth with its brands Glucon D, Nycil, Everyuth Peel-off and Scrub maintaining their leadership positions in their respective categories.

As the country faced a prolonged and intensive summer, the glucose powder category grew by 21.3 per cent. Glucon-D continued to maintain its number one position with 59.7 per cent market share. The brand penetration of Glucon-D increased by 160 basis points vs last year.

The Sugar Free brand maintained its leadership in the sugar substitute category with a market share of 95.9 per cent. The sugar substitute category grew by 5.8 per cent. Sugar Free Green continues to experience strong double-digit growth driven by increasing volume uptake.

The Health Foods Drink Category has registered a growth of 4.3 per cent. Complan’s market share stood at 4.3 per cent. Besides, Complan forayed into the immunity boosting beverage space with the launch of Complan Immuno-Gro in select states.