Zydus Wellness Limited reported 12.1 per cent growth in Q2 net sales at Rs. 490.7 crore YoY for the quarter ended September 30, 2024. The company registered growth in EBIDTA of 16.7 per cent YoY basis to Rs. 19.6 crore. Net profit for the quarter grew by 254.2 per cent and stood at Rs. 20.9 crore. Adjusted PAT grew by 154.2 per cent YoY after eliminating exceptional items from the current quarter.

The company entered into a definitive agreement to acquire Naturell (India) Private Limited, a leading healthy snacking company with the turnover of approx. Rs. 119 crore (FY 2023-24 as per Ind AS).

Naturell Company is engaged in the business of manufacturing, research and development, marketing and selling of Nutrition bars, Protein cookies, Protein Chips and health food products under brands Ritebite Max Protein (Protein fueled healthy snacks) and Ritebite (fiber-enriched snacks). The transaction is expected to be EPS accretive for Zydus Wellness from the very next year post-acquisition.

During the quarter, the company’s iconic brands continued to fare well and posted growth.

In the food and nutrition segment, Glucon-D continued to maintain its number one position with 59.4 per cent market share. The Glucose powder category has grown by 20.8 per cent at a MAT level.

The Sugar Free brand maintains its dominant position with a commanding market share of 93.9 per cent in the sugar substitute category which has grown by 5.4 per cent at MAT level. Sugar Free Green continues to experience strong double-digit growth driven by increasing volume uptake.

The nutrition drink category has continued showing signs of revival across key metrics. Complan has added nine lakhs household over last year as per MAT August-24 reports of Kantar Panel. While the category has grown by 2.8 per cent at MAT level, Complan’s market share stood at 4.1 per cent at MAT level

In the personal care segment, the company’s brands Nycil and Everyuth continued to register a strong performance. The prickly heat powder category has grown by 21.6 percent at MAT level. Nycil has maintained its number one position with a market share of 34.3 per cent. Nycil witnessed robust growth, favorable summer season and consistent media visibility.

Everyuth continues to outpace category growth and has registered a strong growth. The face scrub category has grown by 17.3 per cent at MAT level. Everyuth Scrub has maintained its leadership position with market share of 46 per cent in the facial scrub category, which is an increase of 35 basis points over the same period last year.

The Peel off category has grown by 26.4 per cent at MAT level. Everyuth Peel off maintains its number one position with a market share of 77.9 per cent in the Peel off, which is an increase of 189 basis points over the same period last year.

Stepping up its research and development capabilities, the Company continues to launch new products and extensions. The Company forayed into the adult nutrition space delivering high quality protein with pre and probiotics to support Gut-Muscle Axis under the brand name Complan Viemax. Bringing in a plant-based table spread under the umbrella of Nutralite, the company has introduced a 100% plant-based buttery spread in two delicious variants: Olive and Garlic & Herbs. Zydus Wellness has also ventured into the cheese category with Nutralite Professional and launched few variants of mayonnaise and fat spreads. Following a strong positive response from international markets, the Company has launched Sugar Free D’lite Cookies in India.