Zydus Wellness share price: Sharekhan maintains Buy rating,

Zydus Wellness share price: Sharekhan maintains Buy rating, target price of Rs 2505
zeebizindia@gmail.com (Zee Business)
© Provided by Zee Business
Sharekhan  says that Zydus Wellness revenue grew by 24.2% yoy to Rs 606 cr in Q4FY2021, better than our expectation of Rs 537.5 cr. Except for Nutralite and Glucon D, all other brands registered high double-digit revenue growth during the quarter. Late start to season resulted in high single digit growth for Glucon D, while Nutralite sales (largely an institutional business) saw sequential improvement in sales, which reached pre-COVID levels in Q4. Despite firm palm oil prices, benign dairy prices and better revenue mix led to 71 bps improvements in the gross margins. Lower other expenses and employee cost drove up OPM by 256 bps to 24%. Five brands - Glucon-D, Sugar Free, EverYuth Scrub, Peel Off Face Mask and Nycil maintained their leadership positions in-their respective categories as of March 2021. Sharekhan has maintained a Buy rating on Zydus Wellness with a target price of Rs 2505.

Related Keywords

Taiwan , Nigeria , , Zydus Wellness , Sugar Free , Everyuth Scrub , Peel Off Face Mask , Nutralite Choco Spread , Wellness Key , டைவாந் , நைஜீரியா , ஜய்துச் ஆரோக்கியம் , சர்க்கரை இலவசம் , எல்லாவற்றையும் துடை , தலாம் ஆஃப் முகம் முகமூடி , ஆரோக்கியம் விசை ,