BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Zydus Wellness Ltd.'s Q1 FY22 was decent with broad-based growth across brands. Expansion in e-commerce and improving international business is positive.
We continue to believe that the acquisition of Heinz India business is transformational for Zydus Wellness, given the increased consumer focus on health and wellness – likely accelerated consumer adoption of more than 70% of the portfolio (Sugar Free, Glucon-D, Nutralite and Complan).
We especially like the new product development strategy (contributes ~3.5% versus ~1.5 earlier) aimed to address some key challenges – SugarLite to address the taste penalty, Sugar Free Green is a natural product, Complan Nutrigro to regain lost medical connect of the brand.
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