Zydus Wellness Delivers Good Q3; Broad-Based Performance: ICICI Securities
Complan Health Drink manufactured by Zydus Wellness Ltd. (Source: Company website)

Zydus Wellness Delivers Good Q3; Broad-Based Performance: ICICI Securities

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 Q3 witnessed continued growth as gross revenue grew 16% (volume-led), driven by broad-based strong brand performance.

We believe the acquisition of Heinz India business is transformational for Zydus Wellness, given the increased consumer focus (Covid-19 led) 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 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.

Click on the attachment to read the full report:

ICICI Securities Zydus Wellness Q3FY21 Results Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint 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 BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.