Zydus Wellness Q1 net profit declines 13.4 pc to Rs 127.9 crore
The company had posted a consolidated net profit of Rs 147.7 crore in the corresponding quarter last fiscal, Zydus Wellness said in a regulatory filing. Consolidated total revenue from operations in the quarter under review stood at Rs 860.9 crore as against Rs 841 crore in the year-ago period, it added.
Zydus Wellness, which has a range of brands, including Glucon-D, Nutralite, Complan, Sugar Free, Nycil and Everyuth Naturals, said the majority of its brands delivered gross margin expansion, underscoring portfolio strength.
'The saliency of seasonal brands was temporarily impacted by shorter-than-usual summers and unseasonal rains," it added.
Total expenses in the quarter under review were higher at Rs 718.6 crore as compared to Rs 694.4 crore in the same period last fiscal.
Advertisement and promotion expenses in the first quarter were higher at Rs 132.5 crore as compared to Rs 124.3 crore in the year-ago period, the company said in an investor presentation. PTI RKL DR DR
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