Zydus Wellness net profit up 90% to Rs 45.3 crore

BS Reporter / Mumbai/ Ahmedabad April 29, 2010, 0:02 IST

Zydus Wellness Ltd posted a 90 per cent jump in net profit for the fiscal ended March 31, 2010 to Rs 45.3 crore from Rs 23.8 crore on the back of strong performance in its popular brands –Sugar Free, EverYuth and Nutralite. Net sales for the year grew by 38 per cent on a year on year basis to Rs 268.1 crore from Rs 194.8 crore last fiscal.

During the year, Zydus Wellness made a foray into the men’s grooming segment with the launch of 'EverYuth Menz' – a skincare range for men.


The earnings per share of the company increased to Rs 11.59 in 2009-10 from Rs 6.09 in 2008-09. The Board of Directors of the company in their meeting proposed a dividend of Rs 3 per share of Rs 10 each as compared to a dividend of Rs 1.50 per share last year.

The listed consumer arm of the Rs 2900 crore Zydus Group plans to set up a Rs 30 crore manufacturing unit in the excise free zone of Sikkim to manufacture its flagship brand product Sugar Free and also the Everyuth range. Currently, both brands are produced through contract manufacturing. While Zydus gets both the products contract manufactured from an excise-free zone based in North, the shift to Sikkim will make eligible for a 10-year tax holiday. The cumulative growth for Zydus Wellness in the last three quarters of 2009-10 was 36 per cent.

Cadila Healthcare's consumer business was integrated into Carnation Nutra Analogue Ltd in 2008 and was renamed as Zydus Wellness Ltd. Carnation was acquired by Cadila Healthcare in 2006.

The company’s product portfolio comprises Sugar Free Gold, Sugar Free Natura, Sugar Free D’lite and Nutralite. It also caters to the skincare segment with its Everyuth and Dermacare brands