Q2FY24 Quarterly Result Announced for Zydus Wellness Ltd.
Packaged Foods company Zydus Wellness announced Q2FY24 results: 1. Net Sales Performance: For the second quarter ended September 30, 2023, Zydus Wellness reported consolidated net sales of Rs 438 crore. 2. Key Brand Performance: Several key brands, including Glucon-D, Everyuth, Nycil, and Nutralite, recorded a strong performance during the quarter. These brands have consistently delivered positive results. 3. Market Leadership: The Sugarfree brand maintained its leadership in its category with a market share of 96.1%. Glucon-D also continued to dominate the market with a market share of 60.0%. These brands have established themselves as market leaders. 4. Digital Engagement: The company actively promoted Glucon-D's new variants of mango flavor and sachets through digital engagement with consumers. This strategy has helped in creating awareness and driving sales. 5. Volume Growth: Complan, the company's health food drink brand, continued to register volume offtake growth ahead of the category. It has gained a market share of 4.4% as of September 2023. This indicates increased consumer preference for the brand. 6. Strong Performance in Personal Care: In the personal care segment, Zydus Wellness brands Nycil and Everyuth outperformed their respective categories. Nycil maintained its number one position in the prickly heat powder category with a market share of 35.2% and registered double-digit growth. Everyuth Scrub and Everyuth Peel off also held their number one positions in their respective categories, displaying consistent consumer demand. Result PDF06-11-2023