Zydus Wellness registers 20 percent net sales growth in Q1
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Ahmedabad: For the first quarter ended June 30, 2024, Zydus Wellness Ltd., recorded its highest ever Q1 net sales growth of 20 percent which stood at Rs. 8,391 million y-o-y. The Company registered growth in EBIDTA of 33.3% y-o-y basis to Rs. 1,553 million. Net profit for the quarter grew by 33.8% and stood at Rs. 1,477 million. Adjusted PAT grew by 39.6% 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.
As the country faced a prolonged and intensive summer, the Glucose powder category grew by 21.3%*. Glucon-D continued to maintain its number one position with 59.7%* market share according to a release.
The brand penetration of Glucon-D increased by 160 basis points vs. last year. The sugar substitute category grew by 5.8%*. Sugar Free Green continues to experience strong double-digit growth driven by increasing volume uptake. Offering an aspartame free alternative, the Company has launched Sugar Free Gold+, a new formulation comprising sucralose and chromium, which helps maintain normal blood glucose levels.
Read also: Zydus Lifesciences gets Mexican marketing approval for Mamitra to treat various cancers
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