India's Zydus Q2 profit jumps on strong domestic, US demand

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Key Points

HYDERABAD, Nov 7 (Reuters) - Indian generic drugmaker Zydus Lifesciences Ltd (ZYDU.NS) reported a better-than-expected 53.3% jump in quarterly profit on Tuesday, led by the strong sales in the domestic market and the United States...

Consolidated net profit was 8.01 billion rupees ($96.2 million) in the quarter ended Sept 30, compared with 5.23 billion rupees a year earlier..

Analysts, on an average, expected a profit of 7.58 billion rupees, per LSEG data...

On Monday, unit Zydus Wellness Ltd (ZYDS.NS), which makes consumer brands, reported a more than 30% drop in second-quarter profit, hit by a one-off tax expense..

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