Zydus Wellness Limited (ZWL)
Zydus Wellness is a strong and emerging player in the health
and wellness space in India and promoted by Cadila Healthcare Limited (hold 63.55% of shares). The Company has a wide range of health and wellness products and includes popular brands like Glucon-D, Complan, Sugar Free, Everyuth, Nycil & Nutralite.
- Glucon-D has maintained its number one position with a market share of 59.0%
- Complan has a market share of 5.4%
- Sugar Free – India’s largest selling low calorie sweetener and has maintained its number one position
- The Peel Off segment of Everyuth, maintained its number one position with a market share of 77.9%
- In the Scrub segment, Everyuth maintained its number one position with a market share of 32.5%
- In the Prickly heat powder category, Nycil maintained its number one position with a market share of 34.4%
- Moving ahead, the focus is on building the image of Nutralite around its taste and health credentials with more innovations waiting in the pipeline.
Health & wellness products are the products that provide a broad spectrum of the food and beverage industry coupled with beauty product industry globally. Younger consumers in the developing countries are willing to pay premiums for health & wellness products as a result of the rising importance in physical fitness.
Manufacturers are reformulating health & wellness products to reduce cholesterol, sugar, sodium content and saturated fat of the food products due to increasing health consciousness among the people.
Key drivers for growth:
The global health & wellness products market driving factors are increasing demand for ready-to-eat snack foods coupled with the convenience of foods. Increasing opportunities in weight management program and rising concern regarding physical fitness is also another factor that is driving the health & wellness products market globally. Rising number of supermarkets, hypermarkets, and independent retail stores are rapidly increasing the demand for various health & wellness products worldwide. Manufacturers are focusing on providing healthier product offerings in various health & wellness products. Hence, the global health & wellness products market is expected to observe robust growth over the forecast period.
Key risks for the business
- Fluctuations in prices of key inputs
- Risk of litigation related to quality of products, intellectual properties and other litigation. Being in the consumer healthcare and wellness segment, the Company’s products and their manufacturing and supply chain processes are required to maintain high quality standards.
- The delay or shift in seasons may impact business of some of our brands like Glucon-D and Nycil which are largely dependent on onset of a good summer season in India.
- Risk of competition and price pressure
NSE:ZYDUSWELL
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