ZYDUS WELLNESS LIMITED

Markets and sells packaged consumer health and wellness products across food, nutrition, and personal care categories in India, and runs an international vitamins, minerals and supplements (VMS) business added in FY26. The domestic portfolio spans sugar substitutes (Sugar Free), health drinks (Glucon-D), nutrition bars (RiteBite), and skincare (Everyuth), sold through general trade, modern retail and quick commerce channels, with quick commerce now 7-8% of total business and organized retail accounting for 30% of domestic sales. In Q4 FY26, domestic skin and hair care grew 39.7% and food and nutrition grew 9.4%, while seasonal brands declined 9.8% on delayed summer and weak wholesale pipelines. The international business operates through Comfort Click Limited in the UK, acquired for GBP 242 million, selling VMS brands WeightWorld, Maxmedix and Animigo online in a European VMS market management sizes at over €11 billion; Comfort Click became EPS-accretive within seven months of acquisition. Overall, raw materials and packaging at 30.6% of FY26 revenue and other operating expenses at 39.7% are the largest cost items, with EBITDA margin of 12.0% on ₹3,961 crore of FY26 sales.