Aayush Wellness Reports Record Quarterly Growth

Aayush Wellness Limited reported remarkable financial growth in the quarter ending June 30, 2024. The company saw a 6300% year-over-year revenue increase and a 184% rise in profit. This growth was driven by product portfolio expansion and market demand, particularly for its herbal Pan Masala.

New Delhi (India), August 13: Aayush Wellness Limited, previously known as Aayush Food and Herbs Limited, has reported its most impressive quarterly earnings as of June 30, 2024. The company achieved a staggering 6300% year-on-year topline growth and a notable 184% increase in bottom line growth. Total revenue for the quarter stood at ₹1110.56 lakhs compared to ₹17.35 lakhs in June 2023, with profit after tax rising to ₹25.49 lakhs from ₹8.98 lakhs in the same period last year.

A significant 184% year-on-year rise in Earnings Per Share (EPS) to ₹0.79 per share from ₹0.28 per share reflects this solid performance. This substantial growth can be attributed to the successful expansion and enhancement of its product portfolio, alongside robust performance across its core business sectors in healthcare and wellness.

The company's flagship product, Aayush Herbal Pan Masala, has received overwhelming market acceptance, driving orders nationwide. Positioned as a spit-free, 100% natural and ayurvedic product, it aligns with the "SWACCH BHARAT" mission and provides a healthier alternative to traditional gutka and pan masala. Company targets the Rs 44,973 crore gutka and pan masala market, which is growing annually at 3.6%.

According to Mr. Kumar, Managing Director of Aayush Wellness Ltd, the herbal Pan Masala is especially popular in regions with high gutka and pan masala consumption. The product is available through their website and is poised for further market penetration through regional distributors.

This success lays the groundwork for introducing more health-enhancing products, reinforcing Aayush Wellness's commitment to stakeholder value and ambitious market positioning.

(With inputs from agencies.)