Zydus Wellness consolidated Q4 net profit up by 92.7% at Rs133cr

The Company's Board of Directors recommend a final dividend of Rs5 per equity share on the face value of Rs10 each, for the Financial Year 2020-21.

May 10, 2021 04:05 IST India Infoline News Service

Zydus Wellness
Zydus Wellness Ltd has announced results for the fourth quarter ended March 31st 2021.

The company reported 23.9% growth in consolidated net sales which stood at Rs600.8cr. The Company reported consolidated income from operations at Rs605.7cr, up by 24.2%. EBIDTA was up by 39.0% yoy to Rs145.4cr.

Profit after Tax (PAT) stood at Rs133.1cr up by 92.7% yoy. On an annual basis, the company posted total income from operations of 18667 mn, up by 5.7 % yoy and adjusted Net Profit (before exceptional items), of Rs250.9cr up by 34.9% yoy.

The Company's Board of Directors, at the meeting held on Monday, recommended a final dividend of Rs5 per equity share on the face value of Rs10 each, for the Financial Year 2020-21 to the equity shareholders, which will be paid subject to the approval of the shareholders, at the ensuing Annual General Meeting of the Company.

Five of its brands, Glucon-D, Sugar Free, EverYuth Scrub, Peel Off Face Mask and Nycil maintained their leadership positions in-their respective categories as on March 2021.

Glucon-D has maintained its number one position with a market share of 58.4% in the Glucose powder category. Complan fared well with a market share of 5.5% in the MFD category. Nycil maintained its number one position with a market share of 35.8% in the Prickly heat powder category, which is an increase of 225 basis points over the same period last year. Everyuth Scrub has maintained its number one position with a market share of 35.8% in the facial scrub category, which is an increase of 174 basis points over the same period last year and Everyuth Peel off has maintained its number one position with a market share of 77.9% in the Peel off category. (As per MAT March ‘21 Nielsen Report)

During the quarter, Nycil “soothing body mist” was launched to address prickly heat and skin rash problems that usually occur in summer. Making a foray in the dairy segment under the Nutralite banner, two new products,'Nutralite DoodhShakti Probiotic Butter Spread and Nutralite DoodhShakti Pure Ghee were launched.

Expanding its market reach under Project Vistaar, the Company, increased its direct distribution by more than 50% and is now directly servicing 5.5 lakh retail outlets. E-commerce grew by more than 250% for the financial year accounting for almost 3.6% of the domestic revenue. International business, which accounts for more than 3% of the consolidated revenues, also grew by 200% during the year with the Company making entry in countries like Nigeria and Taiwan.

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