Zydus Wellness has dipped over 6% to Rs 575, extending its Monday’s 6% fall on NSE, after reporting a 25% year-on-year decline in consolidated net profit of Rs 17 crore for the first quarter ended June 30, due to lower operational income. The company had registered a profit of Rs 23 crore in the corresponding period last year.
Company’s net sales declined 5.6% to Rs 101 crore during the quarter under review against Rs 108 crore in the same period last year.
Zydus Wellness manufactures healthcare products like Sugar Free, Nutralite and EverYuth.
The stock opened at Rs 606 and touched a low of Rs 569 on NSE. A combined around 84,000 shares changed hands on the counter so far on NSE and BSE.
Company’s net sales declined 5.6% to Rs 101 crore during the quarter under review against Rs 108 crore in the same period last year.
Zydus Wellness manufactures healthcare products like Sugar Free, Nutralite and EverYuth.
The stock opened at Rs 606 and touched a low of Rs 569 on NSE. A combined around 84,000 shares changed hands on the counter so far on NSE and BSE.
