Zydus Wellness Share Price: Buy Zydus Wellness, Price Target Rs 2250: ICICI Securities

ICICI Securities has a call to buy Zydu’s wellness with a target price of Rs 2250. The current market price of Zydus Wellness Ltd. is Rs 1581.65. The period provided by the analyst is one year in which the price of Zydus Wellness Ltd. can achieve the defined goal.

Established in 1994, Zydus Wellness Ltd. is a mid-cap company (with a market capitalization of Rs 10002.34 crore) active in the FMCG sector.

Among the key product/revenue segments of Zydus Wellness Ltd. includes personal care and other operating income for the year ended March 31, 2021.


For the quarter ended 31/12/2021, the company reported total consolidated revenue of Rs.390.78 crore, up 0.97% from total revenue of Rs.387.01 crore in the last quarter and an increase of 1.74 % from the total return of the same quarter last year of Rs 384.10 crore . The company reported net profit after tax of Rs 23.30 crore in the last quarter.

investment Reason
The broker believes that the focus on research-based products gives organizations longevity. The emphasis on maintaining quality despite intense competition and inflationary issues fosters confidence in brand values. Post-acquisition results (of the Heinz portfolio) have been encouraging despite inflation concerns and missed summer sales over the last two years. Successful brand extensions support overall growth.

Promoter/FII holdings
Promoters owned 64.82 percent of the company as of December 31, 2021, while FIIs owned 3.39 percent and DIIs owned 24.8 percent.

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Adam Bradshaw

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