ZYDUSWELL

Zydus Wellness share price & financials

Price
₹512.35
Market cap
₹16.1k Cr
Sector
Fast Moving Consumer Goods
Calls analysed
6
Latest concall · Q1 FY27 · call held 04 Aug 2026

Zydus Wellness Limited Q1 FY27

Consolidated Net Sales ₹1,429.9 cr +67%EBITDA ₹241.7 cr +55%Net Profit — −7%

What went well

  • Consolidated net sales grew by 66.7% YoY to ₹1,429.9 crores, driven by resilient consumer demand and a shift towards higher-value products.
  • EBITDA grew by 55.3% to ₹241.7 crores, with overall EBITDA percentage expanding by approximately 0.4% on a like-to-like basis.
  • International business, including Comfort Click, delivered a strong like-to-like growth of 24.8%.

What to watch

  • Seasonal brands declined by 12% due to unseasonal summer showers, particularly impacting Nycil and Glucon-D in key Eastern and Northern markets.
  • Reported net profit declined by 7% during the quarter, despite growth when excluding amortization of acquired brands.
Read the full call →

What Zydus Wellness Limited does

Zydus Wellness Limited manufactures and markets a portfolio of health, nutrition and personal-care brands across two core segments, Food & Nutrition and Personal Care, earning through sale of packaged consumer products via general trade, modern trade, e-commerce and quick-commerce channels in India and overseas. Its own production is backed by third-party (3P) manufacturers in India and abroad, and it has grown through acquisitions such as Heinz India (Complan, Glucon-D, Nycil), Carnation Nutra Science (RiteBite Max Protein) and, internationally, Comfort Click/Alidac UK (WeightWorld, Animigo, maxmedix). The company sources agricultural inputs such as milk directly and indirectly from a farmer network and distributes products through a multi-tier network of distributors, wholesalers and direct retail outreach.

Segments

  • Food & Nutrition
  • Personal Care
Manufacturing facilities in India
4
Third-party (3P) contract manufacturers
23 (3 international + 20 domestic)
Employees
1,500+
Distributors
1,950+
Retail stores reached
~2.8 million
Feet-on-street sales representatives
2,700+
Founded 1994Headquarters Ahmedabad, Gujarat, India Company website

Guidance record · Q1 FY27

what the last two calls moved 11 tracked 1 delivered 1 missed 9 open
  • Comfort Click EPS Accretion delivered said Q2 FY26 Promised: The acquisition of Comfort Click is cash EPS accretive. Q1 FY27: Promise remains achieved. Management confirmed Comfort Click continued to be EPS accretive in Q1 FY27.
  • Cash Tax Payout / Tax Rate missed said Q4 FY25 Promised: FY '26 and FY '27, there won't be any cash tax payout. Q1 FY27: Promise remains missed. Management confirmed for FY27, 12-15% of the total ~25% tax rate will be a cash component, directly contradicting the original 'no cash tax payout' promise.
  • Seasonal Brands Growth at risk said Q4 FY26 Promised: over three to four years, I think should be able to give us a good double-digit growth Q1 FY27: Seasonal brands declined by 12% in Q1 FY27 due to unseasonal rains, putting the long-term double-digit growth target at risk. Management noted early signs of recovery post-quarter.

All 11 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 66.9%, net profit down 7.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue493 462 913 861 650 +32%965 +109%1,485 +63%1,437 +67%
EBITDA20 15 190 156 23 +15%61 +307%270 +42%242 +55%
Net profit21 6 172 128 -53 −352%-40 −767%162 −6%119 −7%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −77.8% 1Y

₹0.5k₹1.0k₹1.5k₹2.0k₹2.5kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 4 Nov 2025Q3 FY26 — 3 Feb 2026Q4 FY26 — 18 May 2026Q1 FY27 — 4 Aug 2026

1Y: ₹2,486.9 on 10 Sept 2025 → ₹552. High ₹2,551.9 (11 Sept 2025), low ₹373.5 (9 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−1.7%
4 Aug
Q4 FY26
−1.3%
18 May
Q3 FY26
−3.7%
3 Feb
Q2 FY26
−4.1%
5 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 35.3% a year over 3 years, FY23 to FY26. Operating margin held at 12.9%.

Year endingFY23FY24FY25FY26
Revenue₹1.6k Cr₹2.3k Cr₹2.7k Cr₹4.0k Cr
Operating profit₹200 Cr₹308 Cr₹380 Cr₹510 Cr
Operating margin12.5%13.2%14.0%12.9%
Interest₹11 Cr₹23 Cr₹12 Cr₹98 Cr
Depreciation₹19 Cr₹24 Cr₹28 Cr₹147 Cr
Net profit₹194 Cr₹266 Cr₹347 Cr₹197 Cr
Net margin12.1%11.4%12.8%5.0%
Cash from operations₹92 Cr₹246 Cr₹380 Cr₹226 Cr
Free cash flow₹47 Cr₹220 Cr₹315 Cr₹126 Cr
ROCE6.0%5.0%6.0%5.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹64 Cr₹64 Cr₹64 Cr₹64 Cr₹64 Cr₹64 Cr
Reserves₹4.5k Cr₹4.8k Cr₹5.1k Cr₹5.3k Cr₹5.6k Cr₹5.8k Cr
Borrowings₹550 Cr₹387 Cr₹297 Cr₹329 Cr₹3.0k Cr₹3.2k Cr
Other liabilities₹548 Cr₹461 Cr₹413 Cr₹462 Cr₹1.1k Cr₹1.2k Cr
Total liabilities₹5.7k Cr₹5.7k Cr₹5.8k Cr₹6.1k Cr₹9.9k Cr₹10.2k Cr
Fixed assets₹4.7k Cr₹4.7k Cr₹4.7k Cr₹4.7k Cr₹8.4k Cr₹8.6k Cr
Capital work in progress₹4 Cr₹12 Cr₹13 Cr₹10 Cr₹13 Cr₹23 Cr
Investments₹0 Cr₹27 Cr₹70 Cr₹78 Cr₹28 Cr₹5 Cr
Other assets₹995 Cr₹943 Cr₹1.0k Cr₹1.4k Cr₹1.4k Cr₹1.6k Cr
Total assets₹5.7k Cr₹5.7k Cr₹5.8k Cr₹6.1k Cr₹9.9k Cr₹10.2k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs trimmed −0.14 pp. The shareholder count grew 31% to 86,866.

Promoters
69.6%
FIIs
3.3%
DIIs
19.1%
Public
7.9%

Since Jun 2025

  • DIIs −0.14 pp
  • Public +0.09 pp
  • FIIs +0.07 pp

How it drifted, 12 quarters

Over this window promoters went from 68.5% to 69.6% — +1.1 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 68.5%, FIIs 3.4%, DIIs 20.2%, Public 7.8%.Dec '23: Promoters 69.2%, FIIs 3.3%, DIIs 19.7%, Public 7.9%.Mar '24: Promoters 69.6%, FIIs 3.3%, DIIs 19.4%, Public 7.7%.Jun '24: Promoters 69.6%, FIIs 3.3%, DIIs 19.4%, Public 7.7%.Sep '24: Promoters 69.6%, FIIs 3.4%, DIIs 20.4%, Public 6.7%.Dec '24: Promoters 69.6%, FIIs 3.4%, DIIs 20.1%, Public 6.9%.Mar '25: Promoters 69.6%, FIIs 3.3%, DIIs 19.8%, Public 7.3%.Jun '25: Promoters 69.6%, FIIs 3.3%, DIIs 19.3%, Public 7.8%.Sep '25: Promoters 69.6%, FIIs 3.4%, DIIs 18.8%, Public 8.2%.Dec '25: Promoters 69.6%, FIIs 3.3%, DIIs 18.6%, Public 8.5%.Mar '26: Promoters 69.6%, FIIs 3.2%, DIIs 18.9%, Public 8.3%.Jun '26: Promoters 69.6%, FIIs 3.3%, DIIs 19.1%, Public 7.9%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Zydus Wellness Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Zydus Lifesciences Limited 57.59%unchanged
Zydus Family Trust(Trustee:Mr. Pankaj R. Patel,Smt. Pritiben P. Patel, Dr. Sharvil P. Patel) 12.01%unchanged
Parag Parikh Flexi Cap Fund Mutual fund7.33%unchanged
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund Mutual fund5.91%unchanged
Quant Mutual Fund - Quant Small Cap Fund Mutual fund4.23%−0.10 pp
Late Jasodaben Babubhai Patel 0.01%newly disclosed
Pankajbhai Ramanbhai Patel(HUF,Karta:Mr. Pankaj R. Patel) 0.00%unchanged
Cadila Laboratories Private Limited 0.00%unchanged
Taraben Patel Family Will Trust(Trustee:Mr Pankaj R Patel Dr Sharvil P Patel) 0.00%unchanged
Ritaben Yatinbhai Desai 0.00%unchanged
Ayushi Rajiv Mehta jointly with Arati Rajiv Mehta 0.00%unchanged
Arati Rajiv Mehta jointly with Rajiv Vastupal Mehta 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in ZYDUSWELL

Filings to Aug 2026

0 new, 5 added, 1 trimmed, 0 sold out — net +0.15 L shares (+0.1%).

Held by funds
₹980 Cr
7 schemes
Biggest holder
Nippon India Small Cap Fund
₹909 Cr · 1.1% of that fund
SchemeHoldingLast month
Nippon India Small Cap Fund Nippon India Mutual Fund₹909 Cr+0.13 L
Nippon India Consumption Fund Nippon India Mutual Fund₹58 Crheld
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹8 Cr+0.02 L
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹4 Cr+0.01 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr+0.00 L
SBI Nifty 500 Index Fund SBI Mutual Fund₹0 Cr−0.00 L
SBI Nifty Small Cap 250 ETF SBI Mutual Fund₹0 Cr+0.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

5 added, 1 trimmed — net +15,497 shares (+0.1%)

Funds are sitting on
+61%
vs est. average cost
Held by funds
₹980 Cr
7 schemes · ≈ 5.9% of the company
Biggest holder
Nippon India Small Cap Fund
₹909 Cr · 1.1% of that fund

Shares held by these funds +44%

Aug '23 1.85 cr shares Jul '26

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Zydus Wellness Limited

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