Zydus Wellness Ltd Share Price – NSE  /  BSE

FMCG, Small Cap

Zydus Wellness will hold a meeting of the Board of Directors of the Company on 2 August 2024.

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Zydus Wellness has fixed 19 July 2024 as record date for final dividend of Rs 5 per share for FY 2023-24. The dividend will be paid on or after 07 August 2024.

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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 growth for the quarter with 23% growth on a year-on-year basis. The Food and Nutrition portfolio also registered a mid-single digit growth. All brands contributed to the performance with overall volume growing by close to 6 percent.

For FY24, Zydus Wellness has reported net profit and total income of Rs 266.9 crore (down 14% YoY) and Rs 2,315.2 crore (up 3.2% YoY), respectively.

Zydus Wellness is engaged in the development, production, marketing and distribution of health and wellness products.

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Zydus Wellness announced that the Annual General Meeting(AGM) of the company will be held on 2 August 2024.

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