Zydus Wellness Q1 Review- Turnaround In Progress; Favorable Seasonality Lifts The Q1 Further: ICICI Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Zydus Wellness Ltd.'s Q1 FY25 revenue and volume growth trajectory (+20% YoY and 17% YoY – above our estimates; highest-ever Q1) witnessed material acceleration. This was driven by:favorable seasonality summer portfolio (Glucon D and Nycil); improving demand trend across other categories with rural outperforming urban; andinterventions in sweetener portfolio to address external headwinds – i) Upgraded Sugar Free to Sugar Free Gold with new superior formulation (Sucralose plus Chromium; excluded Aspartame) while reducing taste penalty. ii) Re-entered blended sugar with launch of Im’lite (scaled up to ~60–70% of SugarLite’s scale within a few months of launch. .Gross margin has largely recovered to pre-inflation period at 55.6% (+304bps YoY) while Ebitda margin expanded by 187 bps to 18.5%. We like management’s plans to drive distribution expansion (~0.7 million, from ~0.6 million currently), digitisation and innovation to sustain growth. Maintain Add..Click on the attachment to read the full report:.Hindustan Zinc Q1 Results Review - Earnings Inline, Remains Expensive At Current Levels: Systematix.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Zydus Wellness Q1 Review- Turnaround In Progress; Favorable Seasonality Lifts The Q1 Further: ICICI Securities

The brokerage likes management’s plans to drive distribution expansion, digitisation and innovation to sustain growth.

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Zydus Wellness Q1 Review- Turnaround In Progress; Favorable Seasonality Lifts The Q1 Further: ICICI Securities

The brokerage likes management’s plans to drive distribution expansion, digitisation and innovation to sustain growth.

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