Zydus Wellness Q3 revenues up 14.7% at Rs381.58cr on brand push

Zydus Wellness sales push of the company in the quarter was led by its five marquee brands. For example, brands like Glucon-D, Sugar-free, Ever Yuth Scrub, Peel-off face mask and Nycil maintained their leadership position in the respective categories. The company has also sought to push its products through the ecommerce and digital platforms.

The consolidated Profit after tax (PAT) for the Dec-20 quarter was down 58.9% at Rs1.74cr. However, the profit number may not be really reflective of the operations of the company. In the latest quarter, the company took an extraordinary charge of Rs35cr on account of redemption of NCDs to a group company at a premium. This premium was accounted for as an exceptional loss wiping out the entire profits for the quarter.

Financial highlights for Dec-20 compared yoy and sequentially

Zydus Wellness
Rs in Crore Dec-20 Dec-19 YOY Sep-20 QOQ
Total Income (Rs cr) ₹ 381.58 ₹ 332.67 14.70% ₹ 341.99 11.58%
Net Profit (Rs cr) ₹ 1.74 ₹ 4.24 -58.96% ₹ -105.34 -101.65%

Diluted EPS (Rs) ₹ 0.27 ₹ 0.73 ₹ -18.14
Net Margins 0.46% 1.27% -30.80%