Zydus Wellness Ltd. reported a net loss of Rs. 39.9 crore for the third quarter, reflecting margin pressures and elevated operating costs amid a challenging consumption environment. The results mark a reversal from profitability in the year-ago period, underscoring the impact of input cost inflation, advertising spend and muted demand in select categories. Despite revenue stability in core brands, profitability was affected by higher expenses linked to brand investments and supply-chain adjustments.