Zydus Wellness Q3 net profit jumps over 1,200% YoY to Rs 23 crore

The company reported consolidated net sales of Rs 384.9 crore, a growth of 2.3%; Five key brands maintained leadership positions in respective categories

Zydus Wellness Ltd. saw its net profit for the quarter ended December 31, 2021 jump by 1,239 per cent on a year-on-year (YoY) basis to Rs 23.3 crore, up from Rs 1.74 crore in the said quarter last year.

The company reported consolidated net sales of Rs 384.9 crore, growth of 2.3 per cent on a YoY basis.

Commenting on the results, the company stated that like the rest of the FMCG industry, Zydus Wellness too continued to face pressure on the gross margins due to high commodity inflation. However the company has taken several measures to address this challenge which shall