Zydus Wellness Limited · NSE:ZYDUSWELL
Zydus Wellness — Q2 FY2025-26 Earnings Presentation
38 slides from Zydus Wellness's earnings presentation, Nov 5, 2025
Slide 1: Exchange filing cover letter: Investor Presentation
November 5, 2025 Listing Department Code: 531 335 BSE LIMITED P. J. Towers, Dalal Street, Mumbai–400 001 Listing Department Code: ZYDUSWELL NATIONAL STOCK EXCHANGE OF INDIA LIMITED Exchange Plaza, C/1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai–400 051 Re: Investor Presentation Dear Sir / Mad
Slide 2: Q2, FY 2025-26 Earnings Presentation
Q2, FY 2025-26 Earnings Presentation November 5, 2025
Slide 3: Safe Harbour Statement
Safe Harbour Statement This presentation contains certain forward-looking statements including those describing Zydus Wellness’s strategies, strategic direction, objectives, future prospects, estimates etc. Investors are cautioned that “forward looking statements” are based on certain expectations,
Slide 4: Company Overview & Consumption Trend
1 2 Company Business Overview & Highlights Consumption Trend 3 4 Financial Board of Performance Directors
Slide 5: Company Overview & Consumption Trend
Company Overview & Consumption Trend
Slide 6: Zydus Wellness Product Portfolio
Zydus Wellness Product Portfolio Glucon D Rite Bite Max Protien Nutralite Complan
Slide 7: Zydus Wellness Product Portfolio
Zydus Wellness Product Portfolio Sugarfree & I’m Lite WeightWorld maxmedix animigo
Slide 8: Zydus Wellness Product Portfolio
Zydus Wellness Product Portfolio Nycil Everyuth
Slide 9: A Future-Ready Company Aligned with Global Health & Wellness Trends
A Future-Ready Company Aligned with Global Health & Wellness Trends GLOBAL TRENDS PROPOSITIONS Leader in sugar substitutes, expanding into Low Sugar/No Sugar healthier cookies and chocolates Full-spectrum protein portfolio covering High Protein bars, snacks & cookies for every occasion Scaling RTD e
Slide 10: Consumption Trend Overview
Consumption Trend Overview GST 2.0 Divergent Intense Monsoon Q-commerce & E- Commodity Trend commerce Implementation of GST 2.0 Early and extended Key commodities Quick Commerce and E Transitory business monsoon affected the continue to show Commerce maintain strong disruption seasonal categories di
Slide 11: Business Highlights
zyd wellnes nouris' h -nurture+ energize Business Highlights
Slide 12: Driving Brand Dominance and Market Relevance
Driving Brand Dominance and Market Relevance Glucose Nutrition Sugar Prickly heat *Facial Category Scrub Peel-off Powder Drink substitute powder cleansing Category Size (in cr.) 1 ~ 1,050 5 ~ 6,800 ~ 365 ~ 850 ~ 4,500 ~ 380 ~ 165 Mkt. Rank 1 4 1 1 5 1 1 Mkt. Share % 58.7 4.1 96.2 32.9 7.9 48.5 76.6
Slide 13: GST 2.0 Transition: Navigating Transition Turbulence
GST 2.0 Transition: Navigating Transition Turbulence Creatives Live on Linked in/ Insta/ Zydus & Brand Website & Newspaper for GST 2.0 >85% of the Portfolio Now Under 5% GST For more details visit our website: www.zyduswellness.com
Slide 14: Latest Additions to Our Portfolio
Latest Additions to Our Portfolio Introduced the Millet Wafer Protein Bar, made from Jowar — with 10g protein, no Nutralite Activ Peanut maida, no palm oil, and zero added sugar Butter available in four available in three flavors flavors which is Plant based
Slide 15: International Business
zyd wellness nourish -nurture-energize International Business
Slide 16: Building a Stronger International Portfolio
Building a Stronger International Portfolio RiteBite – Max Protein Portfolio expanded into international markets shows a positive response Sugar Free, Complan, and Nycil continue to contribute a significant portion of the overall business Despite subdued macro-economic conditions in Nigeria, t
Slide 17: Leveraging Global Wellness Opportunities
Leveraging Global Wellness Opportunities During the quarter: Expanding into international markets across the UK, EU and USA to strengthen global presence Acquisition further accelerates the growth of the digital business platform overseas The post-acquisition performance during the initial mon
Slide 18: Global Footprint Established Across Key Markets
Global Footprint Established Across Key Markets India Bahrain Bangladesh Bhutan Hong Kong Kuwait Lebanon Maldives Malaysia United Arab Emirates Myanmar Nepal Oman Qatar Saudi Arabia Sri Lanka Taiwan Nigeria Kenya Mauritius Ethiopia South Africa Tanzania Uganda Zimbabwe New Zealand Australia United K
Slide 19: Domestic Business
zyd wellnes nouris' h -nurture+ energize Domestic Business
Slide 20: Paving the Way for Future Business with Rite Bite Max Protien
Paving the Way for Future Business with Rite Bite Max Protien Digital Engagements • During the quarter, Naturell (India) Pvt. Ltd. initiated a voluntary liquidation process. The liquidator has distributed the entire business undertaking of NIPL, enabling the expeditious consolidation of NIPL’s busin
Slide 21: P.A.T.H to drive consideration of Sweetners
P.A.T.H to drive consideration of Sweetners Offtake continues to get stronger Sugar Free has retained its No. 1 position with a market share of 96.2%*, registering a year-on-year gain of 97.9* bps Sugar Free Green has maintained a double-digit growth trajectory for the past 18 consecutive quarters
Slide 22: Driving Category Growth by Adding New Consumers
Driving Category Growth by Adding New Consumers Strengthening Position in Targeted Launched Anti Pollution Scrub Brand Equity campaign through TVC Categories Sachet Achieved double-digit growth in H1 FY26, supported mainly by product excellence, innovation, strong distribution, and customer- centri
Slide 23: Weather-Driven Headwinds impacted Q2 and H1 FY26
Weather-Driven Headwinds impacted Q2 and H1 FY26 Strategic Levers Intact to Drive Category and Consumer Growth Sustained Impact, Expanded Footprint Weathering Seasonal Challenges Early and prolonged rainfall Early and prolonged rainfall conditions across the country conditions across the have si
Slide 24: Winning in Competitive Market
Winning in Competitive Market Growth via Portfolio & Partnerships Celebrity led Recipe Video Series Social Media Engagement Continued to broaden the portfolio year after year through focused innovation, backed by strong execution from dedicated B2B and B2C teams Delivered double-digit growth with
Slide 25: Winning in Competitive Market
Winning in Competitive Market Reinforcing Brand Strength in a Tough Market Strengthening Brand Connect Complan improved its ranking from fifth to fourth position, holding a 4.1%* market share during the quarter Category de-grew by 3.2%* vs last year, posing growth challenges Continued high-impact
Slide 26: Environmental, Social and Governance & Recognitions
Environmental, Social and Governance & Recognitions
Slide 27: Ever Highest S&P Global ESG Score
Ever Highest S&P Global ESG Score Zydus Wellness has secured 99 percentile among 331 global companies in the same industry group of FOA food products #3 highest globally as of 24/10/2025 – FOA food products CSA Score YoY 2022 2023 2024 2025 Improvement Total ESG Score 38 58 79 84 +6.3% Environmental
Slide 28: Awards and Recognitions
Awards and Recognitions ZWPL Aligarh emerged 1st “Legal Team of the The Max Protein Cookie, Runner-Up at the 9th CII Year – FMCG” at the made with 7 grains and a National Energy Efficiency India Legal Awards rich protein blend, is a no- Circle 2025 for “Best 2025, honoring its added-sugar, wholesome
Slide 29: Awards and Recognitions
Awards and Recognitions Bagged 5 ET Brand Equity DG+ Awards, 1 e4m IMA South Everyuth: Women’s day occasional marketing -Bronze Glucon-D’s 2025 Influencing gen-z cohort on digital -Gold #InstantEnergyDaily campaign on ShareChat & SugarFree: Moj won Silver at the e4m Excellence in use of collab
Slide 30: Awards and Recognitions
Awards and Recognitions Bagged 3 IDMA Awards, and 5 e4m Health & Wellness Awards Bagged 3 awards in E4M IDMA Bagged 5 awards in E4M Health & Wellness Gold for SF D’lite V-day campaign Silver for GD for Best CSR Initiative Silver for GD ‘Right Here Right Now’ campaign Silver for GD for Best u
Slide 31: Financial Performance and Road Ahead
Financial Performance and Road Ahead
Slide 32: Segment Performance Snapshot
Segment Performance Snapshot Q2 FY 26 – Net Sales (INR Million) Food & Nutrition Personal Care 6,429 4,907 Q2 FY 2024-25 Q2 FY 2025-26 H1 FY 26 – Net Sales (INR Million) 15,006 Q2 FY26 Q2 FY26 13,298 Growth Y-o-Y 43.9% Growth Y-o-Y -26.8% H1 FY26 H1 FY26 Growth Y-o-Y 17.9% Growth Y-o-Y -5.4% H1 FY 2
Slide 33: Key input rate trends towards recovery of Margins
Key input rate trends towards recovery of Margins Milk Edible oils Dextrose Monohydrate 30.0% vs Q2 FY24 1.1% vs Q2 FY24 16.6% vs Q2 FY25 10.7% vs Q2 FY24 5.2% vs Q2 FY25 -5.3% vs Q1 FY25 10.7% vs Q2 FY25 3.6% vs Q1 FY25 -0.5% vs Q1 FY25 Q2 FY 2024 Q2 FY 2025 Q1 FY 2026 Q2 FY 2026 Q2 FY 2024 Q2 FY 2
Slide 34: Gross Margin Trend
Gross Margin Trend Majority of our brands delivered gross margin expansion, underscoring portfolio strength. Gross Margin % to Net Sales Y-o-Y Gap + 314 + 261 +2 + 42 - 73 + 483 + 306 + 118 bps 55.5% 54.8% 54.8% 53.7% 52.4% 52.6% 47.5% 47.7% Q1 FY Q2 FY Q3 FY Q4 FY Q1 FY Q2 FY H1 FY H1 FY 2024-25 20
Slide 35: Financial Highlights for the Q2 & H1 FY26
Financial Highlights for the Q2 & H1 FY26 INR Million Q2 FY26* Q2 FY25 Y-o-Y Growth % H1 FY26* H1 FY25 Y-o-Y Growth % Net Sales 6,429 4,907 31.0% 15,006 13,298 12.8% Revenue from operation 6,505 4,929 32.0% 15,114 13,339 13.3% Gross Contribution 3,442 2,354 46.2% 8,173 7,031 16.2% Gross Contribution
Slide 36: Board Of Directors
zyd wellnes nouris| h «nurture - energize Board Of Directors
Slide 37: Board of Directors
Board of Directors Mr. Akhil Monappa Dr. Sharvil P. Patel Independent Director Non - Executive Chairman Mr. Akhil Monappa, Independent Director since May 2023, holds degrees Dr. Sharvil Patel, Chairman and Non-Executive Director of our from Harvard and Georgia Tech. Currently a Director at YAZZ Limi
Slide 38: Zydus Wellness Limited
Zydus Wellness Limited Regd. Office: Zydus Corporate Park, Scheme No. 63, Survey No. 536, Khoraj (Gandhinagar), Nr. Vaishnodevi Circle, S. G. Highway, Ahmedabad – 382481, India. CIN: L15201GJ1994PLC023490 +91-79-71800000 www.zyduswellness.com