Zydus Wellness posts good results on Q1FY17

Zydus Wellness has declared its Q1FY17 results on Tuesday. The company’s revenue has increased by 12.35 per cent to Rs 109 crore in Q1FY17 as compared to same period in previous financial year. Its EBITDA too has risen by 17.27 per cent to Rs 19.69 crore in Q1FY17 on a yearly basis. Zydus Wellness’ EBITDA margin has expanded by 76 basis points to 18.10 per cent in Q1FY17 as compared to same period in previous fiscal year. The company’s net profit also has risen by 20.12 per cent to Rs 23.46 crore in Q1FY17 on a yearly basis. Its net profit margin has expanded by 140 basis points to 21.57 per cent in Q1FY17 as compared to same period in previous fiscal.

Zydus Wellness’ performance was driven by its iconic brands such as Sugar Free, Ever Youth and Nutralite. Sugar Free, India’s largest selling sugar substitute, maintained its number one position with market share of 93.8 per cent, up by 90 basis points.

The share price of Zydus Wellness has increased by 5.18 per cent on bourses in early trades; and is trading at Rs 796.1 on an intraday basis.

Zydus Wellness is engaged in the development, production, marketing and distribution of health and wellness products. The company's product portfolio includes brands like Sugar Free, Everyuth and Nutralite. It offers a range of speciality skincare products under the brand name of Everyuth Naturals.