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Hot Pursuit News

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(14 May 2024, 14:16)

Zydus Wellness rises after decent Q4 performance

Zydus Wellness added 2.66% to Rs 1731 after the company reported 3.4% rise in net profit to Rs 150.3 crore on a 9.6% increase in net sales to Rs 778 crore in Q4 FY23 as compared with Q4 FY23.


Gross margins of the company improved by 18.1% to Rs 427.7 crore during the period under review.

In Q4 FY24, HR cost added up to Rs 53.6 crore (up 23.2% YoY), advertisement expenses amounted to Rs 94.3 crore (up 41.6% YoY) and other expenses aggregated to Rs 117.6 crore (up 9.3% YoY).

EBITDA for the period under review was Rs 162.2 crore, up 12.2% YoY. EBITDA margin was 20.7% in Q4 FY24 as against 20.3% in Q4 FY23.

Profit before tax in Q4 FY24 stood at Rs 154.4 crore, up by 22.2% from Rs 126.3 crore in Q4 FY23.

Zydus Wellness said that with continued thrust on marketing initiatives, several key brands including Glucon-D, Everyuth, and Nycil continued to perform well during the quarter.

The personal care portfolio comprising of Everyuth and Nycil brand drove the grow...

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