Mirae Asset Sharekhan's research report on Zydus Wellness
Zydus Wellness Limited (ZWL) has acquired 100% stake in Comfort Click Ltd (CCL), which operates in UK and major European markets. This marks ZWL’s first overseas acquisition and its entry into the Vitamins, Minerals and Supplements (VMS) segment. Deal worth ~Rs. 2,800 crore is valued at ~2x EV/sales. Management expects acquisition to be cash EPS accretive from the first year of acquisition. Diversified portfolio in VMS segment, digital-first approach and opportunity to expand in international markets makes CCL a strategic fit.
Outlook
ZWL trades at 36x/30x its FY26E/FY27E EPS, respectively. We maintain a Buy with a revised PT of Rs. 2,688.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!