Zydus Wellness shares rally nearly 4% after reporting PAT at Rs 150 crore; declares Rs 5 dividend
Shares of Zydus Wellness jumped 3.8% on BSE to hit their fresh 52-week high of Rs 1,750.20 after reporting a 4% year-on-year (YoY) increase in profit after tax of Rs 150.3 crore for the fourth quarter ended March 2024. The company’s board also declared a dividend of Rs 5 per share.
The record date has been fixed as July 19 to determine the list of shareholders entitled to receive the final dividend for the financial year 2023-24.
The revenue from operations stood at Rs 782.6 crore, up 9.8% YoY from Rs 713 crore for the same period last year.
“For the fourth quarter ended March 31, 2024, Zydus Wellness Ltd. reported net sales of Rs. 778 crore, up by 9.6%. The company registered growth in EBIDTA of 12.2% YoY to Rs. 162 crore. The company reported PAT of Rs 150 crore. Adjusted PAT after eliminating exceptional items and one-time deferred tax assets impact from comparable quarter of previous year, grew by 24.7% on a YoY basis,” stated the company press release.
Company’s personal care portfolio comprising Everyuth and Nycil brands drove the growth for the quarter with 23% growth on a YoY basis while the Food and Nutrition portfolio also registered a mid-single digit growth. All brands contributed to the performance with overall volume growing by close to 6%, said Zydus Wellness.
The stock has gained 14% in the last one year while it has registered a growth of 8.6% in the last 3 months.
Also read: PVR Inox Q4 Results: Net loss narrows to Rs 130 crore; revenue jumps 10% YoY
(Disclaimer: Recommendations,
