Zydus Wellness' net up by 36.6% in Q3

The net profit of Zydus Wellness Ltd for the third quarter of 2010-11 increased 36.6 per cent while its sales increased 20.9 per cent during the period against the corresponding period in the last financial year, the company said today. While sales in the third quarter were Rs 90.8 crore (Rs 75.1 crore), the profit was Rs 19.6 crore (Rs 14.3 crore), according to a company statement here. During the quarter, the company's pillar brand, Sugar Free, a sugar substitute, continued to dominate the market with a market share of over 85 per cent. Zydus Wellness envisions more launches and aims at becoming a Rs 500-crore company by 2013-14, the company said.