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Zydus Wellness Ltd share price today (on 3 December 2023).

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BSE: 531335 | NSE: ZYDUSWELL | ISIN: INE768C01010
Market Cap: [Rs.Cr.] 1,536 | Face Value: [Rs.] 10
Industry: Food - Processing – Indian

Zydus Wellness Ltd is a subsidiary of Cadila Healthcare Ltd. The company operates in one segment, the consumer products. Their products include table margarine and spreads, cosmeceuticals and sweet meat. Their brands include Nutralite, which is a table margarine; Sugar Free, which is a low calorie sweetener, and EverYuth, which includes skincare products. They sell their products in India. They have a plant located in Gujarat. Zydus Wellness Ltd was incorporated on November 1, 1994 as a public limited company with the name Carnation Health Foods Ltd.
The company set up a unit to manufacture Low fat, Zero cholesterol Margarine as a Butter substitute and Low fat, Zero Cholesterol Cheese and casienate and milk fat. The name of the company was changed from Carnation Health Foods Ltd to Carnation Nutra-Analogue Foods Ltd. In December 15, 1996, the company started trial runs in their manufacturing unit and in January 1997, they started commercial production activity. During the year 1997-98, they set up their marketing channel for the state of Gujarat. During the year 2005-06, the company increased the production capacity of Margarine from 3,928 MT to 5,500 MT. Cadila Healthcare Ltd, a listed public limited company acquired 3,432,138 equity shares through market purchase and open offer. Pursuant to acquisition of 61.56% shareholding, the company became a subsidiary of Cadila Healthcare Ltd with effect from June 8, 2006. During the year 2006-07, the company launched a variant of Nutralite in retail under the brand 'Nutralite Premium'.
During the year 2007-08, the company increased the production capacity of Margarine from 5500 MT to 8500 MT. During the year 2008-09, as per the scheme of arrangement, the consumer products division of Cadila Healthcare Ltd, the holding company was de-merged and transferred to the company with effect from April 1, 2008. In January 5, 2009 the name of the company was changed from Carnation Nutra-Analogue Foods Ltd to Zydus Wellness Ltd, in order to recognize them as 'Zydus Cadila' group company. During the year, the company increased the production of Nutraceuticals from 8500 tonnes to 14600 tonnes.
They launched a power brand 'Natura Diet Sugar' to bring convenience to the consumer. During the year 2009-10, the equity shares of the company were listed on National Stock Exchange of India Ltd with effect from November 13, 2009. They launched Sugar Free Natura Flavored sachets in Lemon Mint and Ginger Masala flavours to enhance the consumer experience and offer a wider choice to the customers. In September 2010, the company extended their niche product basket with the launch of Sugar Free Mints. The company is planning to launch various value added products to provide the consumers, the Sugar Free experience in various forms. The company is setting up a manufacturing facility in Sikkim to cater to the growing demand of Sugar Free and EverYuth, which are outsourced at present. This unit is expected to be commissioned in 2010-11.

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