Q3FY22 Quarterly Result Announced for Zydus Wellness Ltd.
Packaged Foods company Zydus Wellness declares Q3FY22 result: Zydus Wellness registers net sales of Rs.3,849 mn and net profit of Rs.233 mn in Q3 The Company reported consolidated Net sales of Rs. 3,849 million, growth of 2.3% on a YoY basis. The Net Profit of the Company stood at 233 million up by 1239.1% YoY. Like the rest of the FMCG industry, the Company continued to face pressure on the gross margins due to high commodity inflation, however the company has taken several measures to address this challenge which shall be reflected in gross margin improvement in the coming quarters. As per the MAT Dec’21 report of Nielsen and IQVIA, Glucon-D has maintained its number one position with a market share of 58.1% in the glucose powder category. In the sugar substitutes’ category, Sugarfree has preserved its first position with a market share of 96.0%, which is an increase of 104 basis points over the same period last year. Sugarlite witnessed a strong double digit during the quarter across all channels supported by consumer promos and TVCs. In the prickly heat powder category, Nycil continued to remain in number one position with a market share of 34.0%. Everyuth Scrub is the leading brand and has sustained its number one position with a market share of 39.2% in the facial scrub category, which is an increase of 448 basis points over the same period last year. Everyuth continued to grow at a good double digits supported by ATL campaigns on scrub portfolio and new body lotions range. In the peel off category, Everyuth Peel off has maintained its first position with a market share of 76.4%. Everyuth brand is at number 5 position with market share of 6.5% at overall facial cleansing segment level. In the Health Food Drink (HFD) category, Complan has a market share of 5.2%. The company’s promotional campaign on Complan with ‘Ummeedo se aage badhne ka plan’ has focussed on the improvement in memory and concentration through multiple media. Result PDF02-02-2022
