Zota Health Care Limited has informed the Exchange regarding a press release dated May 16, 2025, titled "Zota Health Care Limited Expands Davaindia Network to 1,637 Operational Stores, Surpassing 901 COCO Operational Stores".
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Zota Health Care Limited announced that its Davaindia generic pharmacy retail chain has grown to 1,637 operational stores as of May 16, 2025, up from 1,530 stores as of March 17, 2025 — an addition of 107 stores in about 60 days. The network now includes 901 Company Owned Company Operated (COCO) stores and 736 Franchisee Owned Franchisee Operated (FOFO) stores. Notably, the COCO store count jumped from 805 to 901 in just 61 days, crossing the 900-store milestone. COCO stores are run by Davaindia Health Mart Limited, a wholly owned subsidiary of the company. Davaindia, launched in 2017, offers over 2,000 SKUs of generic medicines across India.
This signals strong retail expansion momentum for Zota's pharmacy chain, which is a key growth driver. The rapid addition of company-owned stores (COCO) suggests higher capital investment but also greater revenue control and brand consistency. Positive for long-term growth story, though investors should watch for store-level profitability and execution costs.