Q1 2026 Zydus Wellness Ltd Earnings Call Transcript
Key Points
- Rural markets outpaced urban areas, driving growth in branded commodities, Personal Care, and dairy segments.
- Digital channels such as quick commerce and e-commerce continue to deliver strong growth, with Tier 2 and Tier 3 cities emerging as key growth drivers.
- Excluding seasonal brands, the company delivered strong double-digit growth, reflecting the underlying strength of its portfolio.
- The Personal Care segment grew 3.8% year-on-year, with Everyuth showing consistent double-digit performance.
- The company returned to a net cash positive position, strengthening its ability to participate in large projects and infrastructure development.
- Seasonal categories faced headwinds due to a shorter summer and unseasonal rains, impacting brand performance.
- Gross margins registered a marginal decline of 73 basis points at the overall level.
- The Food & Nutrition segment recorded subdued year-on-year growth of 1.6% due to softer seasonal demand impacting Glucon-D.
- At the PAT level, there was a decline of 13.4%, primarily driven by non-cash items like amortization of intangible assets and deferred tax impacts.
- The nutrition drink category reported a decline of 2.6% at the MAT level, with continued softness across key metrics.
Ladies and gentlemen, good day, and welcome to Zydus Wellness Q1 FY26 results conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Dhiraj Mistry. Thank you, and over to you, sir.
Thank you, and good evening all. First of all, I would like to thank management of Zydus Wellness to give this opportunity to us. From the management, we have with us Mr. Ganesh Nayak, Director; Mr. Tarun Arora, CEO and Whole-Time Director; and Mr. Umesh Parikh, CFO.
Over to you, sir.
Good evening, and welcome to the post results teleconference of Zydus Wellness Limited for quarter one financial year 2025-'26. I have with me like Dhiraj mentioned, Mr. Ganesh Nayak, who is the Director on the Board; Mr. Umesh Parikh, CFO, in the call.
During the quarter, consumption trends highlighted a continued divergence across
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