Zydus Wellness’s revenue crosses Rs 2,000 crores in FY22

Zydus Wellness announced results for the quarter four ended 31st March, 2022 and FY2022. The company posted total income from operations of Rs 2,009 crores, up by 7.6 per cent y-o-y and EBIDTA of Rs 344.8 crores for FY2022. The reported net profit was up by 160.1 per cent at Rs 309 crores. However, the adjusted net profit (before exceptional items) was up by 23.1 per cent, a company statement informed.

For the fourth quarter ended 31st March, 2022, the company reported consolidated income from operations of Rs 640 crores, up by 5.6 per cent. Profit after Tax (PAT) stood at Rs.133.3 crores up by 0.1 per cent y-o-y, the statement said.

Factoring in the inflation and particularly the rising costs of key materials including milk and refined palm oil, the company took calibrated price increases and a few cost improvement measures over the last quarters to balance costs and profitability, consequently the gross margin as a percentage to net sales has sequentially improved by 265 basis points, it further added.

Five of its brands, Glucon-D, Sugar Free, Everyuth Scrub, Peel Off Face Mask and Nycil maintained their leadership positions in their respective categories as on March 2022.

Glucon-D has maintained its number one position with a market share of 58.5 per cent in the Glucose powder category. ImmunoVolt continued to deliver steady business during the year. Complan market share stood at five per cent in the Health Food Drink (HFD) category. Nycil maintained its number one position with a market share of 33.7 per cent in the prickly heat powder category. Everyuth brand outpaced the category growth and registered strong double-digit growth during the quarter. Everyuth Scrub has maintained its number one position with a market share of 39 per cent in the facial scrub category, which is an increase of 367 basis points over the same period last year and Everyuth Peel off has maintained its number one position with a market share of 76.2 per cent in the Peel off category. On the sweeteners front, Sugarfree continued to hold its leadership position with a 95.7 per cent market share3. Sugarlite continued to post a high double-digit growth during the year. In the dairy and spreads category front, Nutralite delivered a strong double digit growth during the year. The brand’s mayonnaise business has doubled its growth compared to the previous comparable year. The company’s brands also continued to expand their presence on e-commerce platforms during the year. The Everyuth brand launched a range of body lotions during the year to build the new range alongwith the core portfolio of skin cleansing. Also, the company launched Nutralite Doodhshakti Professional Ghee to expand its presence in the dairy segment during the year, the statement added.

The company continued to expand its international footprint during the year by foraying into new geographies like Hongkong, Lebanon, Zimbabwe, Muscat, Ethiopia and Australia. The international business continued to post high double digit growth. Adding to its Sugarfree portfolio, the company launched Sugar Free D’lite Cookies and Sugar Free D’lite chocolate spread in the international markets. The company re-launched Complan with an improved taste and packaging design during the year and supported it through several campaigns, the statement concluded.