Zydus Cadila’s Q1 consolidated net profit up 15%

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Mumbai, Aug 10 (IANS) Pharma major Zydus Cadila on Thursday reported a rise of 14.7 per cent in its consolidated net profit to Rs 25.27 crore during the first quarter ended June 30.

On a consolidated basis, the company’s total income from operations was reported at Rs 115.54 crore during the quarter under review.

“During the quarter, offtake of the company’s pillar brands — Sugar Free, EverYuth and Nutralite continued to grow at a consistent pace,” the company said in a statement.

“Sugar Free, India’s largest selling sugar substitute, maintained its number one position with a market share of 94.6 per cent (MAT June 17 report of Nielsen), up by 50 basis points,” it added.

On a closing basis, the scrips of the pharma major fell by 0.37 per cent to Rs 880.10 per share.

–IANS

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