Q1FY21 results: Zydus Wellness net profit increases by 10.95 per cent YoY

Zydus Wellness Ltd., producer of nutrition and skincare products, announced its quarterly results on July 31, 2020. The company posted a consolidated net profit of Rs 89.2 crore for Q1FY21, which increased by 10.95 per cent, as compared to Q1FY20 when it reported Rs 80.4 crore.                                                                                                                                                

The consolidated net sales reported in Q1FY21 came in at Rs 537.37 crore, which declined by 13.36 per cent YoY from Rs 620.25 crore in Q1FY20. At EBITDA level, the company stood at Rs 122.35 crore in Q1FY21 that decreased by 17.73 per cent YoY. For Q1FY20, it posted an EBITDA of Rs 148.71 crore.                                                                                                                                                               

EBITDA margin as of Q1FY21 was at 22.77 per cent that declined by 1.21 per cent YoY. The net profit margin in Q1FY21 came in at 16.6 per cent, which increased by 3.64 per cent YoY. The net profit margin in Q1FY20 was at 12.96 per cent.

While the sales for the month of April 2020 was impacted due to COVID-19, the month of May saw a recovery of sales growth followed by double digit growth in the month of June.

The shares of the company gained 2.78 percent and closed at Rs 1,607 on BSE.