Zydus Wellness Reports Strong Q2 2023 Performance With Net Sales Of Rs. 438 Cr

 Zydus Wellness reported consolidated net sales of Rs. 438 crores for the second quarter ended September 30, 2023, the company said in a press statement. Earnings before Interest, Depreciation and Tax (EBIDTA) stood at Rs. 16.8 crores and reported Net profit for the quarter stood at Rs. 59 crores, the company's statement informed.

With the continued thrust on marketing initiatives, several key brands including Glucon-D, Everyuth, Nycil and Nutralite recorded a strong performance during the quarter, the company's statement read. 

As per MAT's September ’23 report of IQVIA, the brand held a market share of 96.1 per cent. Glucon-D continues to maintain its number one position with a market share of 60.0 per cent, the company added. 

During the quarter, the company’s brand Complan continues to register volume offtake growth ahead of the category. The health foods drink category registered a growth of 4.3 per cent at the MAT level. Complan’s market share stood at 4.4 per cent, the statement from the company said.

The statement further informed that in the personal care segment, the company’s brands Nycil and Everyuth outperformed their respective categories. Nycil topped with a market share of 35.2 per cent in the prickly heat powder category which is an increase of 19 basis points over the same period last year and registered double-digit growth.

Everyuth Scrub has a market share of 43.4 per cent in the facial scrub category which is an increase of 162 basis points over the same period last year. Everyuth Peel Off has held on to its position with a market share of 78.9 per cent, in the peel off category which is an increase of 75 basis points over the same period last year. Nutralite brand registered yet another strong double-digit growth for the quarter, the company stated.