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 1635.7.

Zydus Wellness Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 10414.04 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 30-09-2022, the company reported a Consolidated Total Income of Rs 430.82 Crore, down -38.34 % from last quarter Total Income of Rs 698.71 Crore and up 11.32 % from last year same quarter Total Income of Rs 387.01 Crore. Company reported net profit after tax of Rs 8.47 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 65.35 per cent stake in the company as of 30-Sep-2022, while FIIs owned 2.38 per cent, DIIs 23.78 per cent.