Zydus Wellness Q2 FY27 Results: Consolidated Net Profit ₹5.10 Crore on Total Income of ₹1,133 Crore
- Earnings
- consumer products
Reviewed byRachit TripathiBlacklitt Research
Zydus Wellness (NSE: ZYDUSWELL) reported total income of ₹1,133 crore and a consolidated net profit of ₹5 crore for the quarter ended 30 Sep 2026, it said in a filing on 03 Nov 2026. Standalone total income was ₹172 crore and standalone net profit ₹12 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹1,133 crore, up 73.8% YoY and down 21.4% QoQ
- Net profit and EPS: ₹5 crore, against a loss of ₹53 crore a year earlier; basic EPS ₹0.16
- Finance costs: ₹27 crore, against ₹16 crore a year earlier
- Depreciation: ₹57 crore, against ₹25 crore a year earlier
Standalone
The company on its own, without its subsidiaries
- Total income: ₹172 crore, up 8.9% YoY and QoQ
- Net profit and EPS: ₹12 crore, up 52.6% YoY; basic EPS ₹0.36
- Other income: ₹5 crore, 2.9% of total income
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,133 | 652 | +73.8% | 1,441 | -21.4% | |
| Revenue from operations | 1,127 | 651 | +73.2% | 1,437 | -21.6% |
| Other income | 6 | 1 | +357.1% | 4 | +68.4% |
| 5 | -53 | n/a | 119 | -95.7% | |
| Profit before tax | 8 | -51 | n/a | 162 | -95.3% |
| Finance costs | 27 | 16 | +73.2% | 26 | +3.4% |
| Depreciation | 57 | 25 | +127.5% | 57 | 0.0% |
| Tax expense | 3 | 2 | +13.6% | 43 | -94.2% |
| Net profit margin | 0.45% | -8.10% | +8.55 pp | 8.25% | -7.80 pp |
| EPS, basic (₹) | 0.16 | -1.66 | n/a | 3.74 | -95.7% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated total income rose 73.8% year on year, but net profit of ₹5 crore is far below the ₹119 crore of the previous quarter. Revenue from operations grew 73.2% against the year-earlier quarter, while other income of ₹6 crore is 0.5% of total income, so the growth is in sales rather than in other income.
Depreciation more than doubled, from ₹25 crore to ₹57 crore, and finance costs rose from ₹16 crore to ₹27 crore, which the table shows side by side with the income line.
Advertisement and promotion expense was ₹1,972 million, or ₹197.2 crore, in the quarter against ₹935 million a year earlier. The filing gives the figure but not the reason for the increase.
The filing notes that results of some products are seasonal, with revenues and profits skewed toward the first and last quarters of the financial year, and says the performance of these quarters cannot be generalised for other quarters.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 172 | 158 | +8.9% | 158 | +8.9% | |
| Revenue from operations | 167 | 156 | +6.9% | 153 | +9.0% |
| Other income | 5 | 2 | +160.0% | 5 | +6.1% |
| 12 | 8 | +52.6% | 6 | +110.9% | |
| Profit before tax | 13 | 12 | +9.6% | 7 | +70.3% |
| Finance costs | 3 | 3 | +36.0% | 3 | +13.3% |
| Depreciation | 6 | 6 | -1.6% | 6 | 0.0% |
| Tax expense | 1 | 4 | -74.4% | 2 | -47.4% |
| Net profit margin | 6.74% | 4.81% | +1.93 pp | 3.48% | +3.26 pp |
| EPS, basic (₹) | 0.36 | 0.24 | +50.0% | 0.17 | +111.8% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 52.6% year on year, faster than total income, which rose 8.9%.
Other income of ₹5 crore is 41.3% of standalone profit before tax of ₹12.60 crore, while revenue from operations rose 6.9%. Standalone exceptional items were nil this quarter, against ₹9.7 crore of liquidation expenses for Naturell (India) Private Limited a year earlier.
Consolidated net profit of ₹5 crore is ₹7 crore lower than standalone net profit of ₹12 crore.
Inference
The filing reports a consolidated dividend paid of ₹138.2 crore in the half year ended 30 Sep 2026, against ₹138.1 crore in the same half a year earlier. Paid-up equity share capital is ₹63.6 crore at face value of ₹2 per share.
The filing does not give the reason for the consolidated tax expense of ₹43 crore in the quarter ended 30 Jun 2026 against ₹3 crore in this quarter, or for the rise in advertisement and promotion expense. The amount of the net MAT credit reversal in the consolidated results is not readable in the filing text.
Filed with BSE on . Reference: Original filing (PDF)
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