Buy Zydus Wellness, target price Rs 2000: ICICI Securities

ICICI Securities has buy call on Zydus Wellness with a target price of Rs 2000. The current market price of Zydus Wellness Ltd. is Rs 1642.85. Time period given by analyst is one year when Zydus Wellness Ltd. price can reach defined target.

Zydus Wellness Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 10416.58 Crore) operating in FMCG sector.

Zydus Wellness Ltd. key Products/Revenue Segments include Personal Care and Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 698.71 Crore, up 8.88 % from last quarter Total Income of Rs 641.74 Crore and up 16.46 % from last year same quarter Total Income of Rs 599.97 Crore. Company reported net profit after tax of Rs 137.01 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 64.82 per cent stake in the company as of 31-Dec-2021, while FIIs owned 3.39 per cent, DIIs 24.8 per cent.