Zydus Wellness surges 15% on potential Q4 growth

New Delhi: Shares of Zydus Wellness, a consumer health and wellness player, closed nearly 15% up at Rs 510 on BSE Monday.

The scrip reached a high of Rs 528 during the day, close to its record high of Rs 530 achieved in September last year.

The surge could be on the expectation of a strong volume-led growth in the fourth quarter, analysts say.

The company’s portfolio including Sugar Free, Glucon-D and Nutralite could be better insulated against its peers, they added.

“We expect 8% organic business revenue growth led by volumes. The acquisition of ComfortClick in Sept last year drove the consolidated revenue growth”, Motilal Oswal Financial Services said in a note.

The gross profit (GP) margin has increased because of ComfortClick, its UK subsidiary, which operates with a higher gross profit margin of 82%, it added.



The Max protein is expected to sustain strong double-digit growth momentum, it said.

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