Zota Health Care LImited has informed the Exchange regarding a press release dated July 04, 2025, titled "Zota Health Care Limited Expands Davaindia Network to 1,760 Operational Stores, Surpassing 1000 COCO Operational Stores".
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Zota Health Care has expanded its Davaindia generic pharmacy chain to 1,760 operational stores as of July 4, 2025, up from 1,637 stores on May 16, 2025. The network now includes 1,001 Company Owned Company Operated (COCO) stores and 759 Franchisee Owned Franchisee Operated (FOFO) stores. The COCO stores, operated through its wholly-owned subsidiary Davaindia Health Mart Limited, grew from 901 to 1,001 in just 49 days, crossing the 1,000-store milestone. Chairman Ketankumar Zota said this reflects strong execution and growing demand for affordable healthcare products. Davaindia, launched in 2017, offers over 2,000 generic medicine SKUs across India.
Positive for shareholders as the rapid store expansion signals strong growth momentum in Zota's flagship retail pharmacy business. However, the press release does not disclose revenue or profitability impact, so actual financial gains remain to be seen in upcoming quarterly results.