Zydus Wellness Q1 Net Down 7% at Rs 118.9 Cr

New Delhi:  Zydus Wellness Ltd on Tuesday reported a 7 per cent decline in consolidated net profit at Rs 118.9 crore in the June quarter, impacted by higher expenses.

The company had posted a consolidated net profit of Rs 127.9 crore in the corresponding quarter last fiscal year, Zydus Wellness Ltd said in a regulatory filing.

Consolidated total revenue from operations in the first quarter stood at Rs 1,437 crore as against Rs 860.9 crore in the corresponding period a year ago, it added.

Total expenses in the quarter under review were higher at Rs 1,278.7 crore as compared to Rs 718.6 crore in the year-ago period, the company said.

Advertisement and promotion expenses in the quarter were higher at Rs 261.2 crore in the first quarter as compared to Rs 132.5 crore a year earlier, it added.

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