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.