Zydus Wellness posted strong YTD FY26 Net Sales of ₹2,463.9 Cr, up 38.4% YoY, fueled by a massive 134% surge in Personal Care.

Q3 Net Sales jumped 113.7% to ₹963.3 Cr.

Gross margin expanded to 57.5% YTD.

Despite YTD PAT at ₹35.2 Cr due to acquisition costs, Adjusted PAT was ₹76.0 Cr.

For FY25, revenue hit ₹2,708.9 Cr (10% CAGR) with PAT at ₹346.9 Cr (16.5% CAGR) and EPS ₹54.52. Growth is driven by focusing on wellness trends: expanding sugar substitutes, building a strong protein portfolio (RiteBite Max Protein's EBITDA nearing double-digits), and scaling hydration products.

Recent developments include Everyuth's double-digit growth and D-Tan Facewash launch, Glucon-D's formula revamp, and Complan's planned relaunches.

Acquired brands like Comfort Click (WeightWorld, Animigo) are key, with Comfort Click contributing ~GBP 134 million revenue in FY25 and proving cash EPS-accretive.

Management is confident in successful acquisition integrations and distribution strength.