Review

ZYDUS WELLNESS LTD.

Ticker : 531335 
FV : Rs 10 
52-Week H/L : Rs 2,217.55/1,185.00

We had previously recommended Zydus Wellness Limited in volume 37, issue no 23 (dated March 29, 2021), when the scrip was trading at Rs 1,960 on the basis of the company’s ability to achieve strong growth. On the consolidated quarterly front, the company reported net sales of Rs 376.41 crore for Q3FY21, which is an increase of 15.56 per cent from its net sales of Rs 325.72 crore reported for Q3FY20. The operating profit surged 30.94 per cent to Rs 52.05 crore in Q3FY21 from Rs 39.75 crore posted in Q3FY20. It reported a net profit of Rs 1.74 crore in Q3FY21, which is a decrease of 58.96 per cent compared to the net profit of Rs 4.24 crore reported in Q3FY20. The company has been able to deliver double-digit sales growth for Q3FY21. Hence, we recommended our investor-readers to BOOK PROFIT at Rs 2,137.10 per share as of April 12, 2021, with a gain of 9.03 per cent.