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About Zydus Wellness

History

Zydus Wellness Limited, initially known as Carnation Nutra-Analogue Foods, was founded in 1994. The company is recognised for its portfolio of nutrition and skincare products and is a subsidiary of Zydus Lifesciences (formerly Cadila Healthcare). Zydus Wellness made a notable impact with its margarine product, Nutralite, which became the largest-selling margarine brand in India. In 1996, the company was listed on the BSE and NSE. In 2006, Cadila Healthcare acquired a significant stake in the company, which increased further in 2008 following the merger of Cadila's consumer goods business with Carnation. This merger included the sugar substitute brand Sugar-Free and the EverYuth range of skincare products. Subsequently, in January 2009, the merged entity was renamed Zydus Wellness Limited. The company expanded its product range over the years, including the introduction of men's grooming and skincare products in 2009, the launch of the milk additive brand Actilife in 2011, the development of stevia products in 2017, and the launch of a second sugar substitute brand, Sugarlite, in 2018. A significant expansion occurred in January 2019 when Zydus Wellness acquired a part of Heinz India's business for ₹4,595 crore. This acquisition included popular health drink brand Complan, glucose-based energy drink additive Glucon D, talcum powder brand Nycil, and Sampriti Ghee, as well as Heinz India's manufacturing facilities in Aligarh and Sitarganj. In 2020, responding to the market demand of the time, Zydus Wellness also started manufacturing hand sanitisers and chocolate products. The company operates three manufacturing plants, one in Gujarat and two in Sikkim, and its key brands include Glucon-D, Sugar-Free, EverYuth, Complan, and Nycil. As of FY 2023, the company operates five manufacturing facilities located in Ahmedabad (Gujarat), Aligarh (Uttar Pradesh), Sitarganj (Uttarakhand), and two in Mamring (Sikkim). Zydus Wellness has established a strong presence across India through a network of over 1700 distributors and approximately 2000 sales representatives. The company's effective distribution is supported by 24 integrated warehouses catering to cold chain and ambient product ranges.

Business Segments

Zydus Wellness Ltd. operates in various sectors of consumer health and well-being, with its business activities divided into distinct segments:

Alternative Sweeteners: This area focuses on products like Glucon-D, Sugar-Free, and Sugar-Free Gold. These are alternative sweeteners designed for individuals seeking healthier options to traditional sugar.
Nutritional Health Foods: In this category, Zydus Wellness provides products like Complan, a nutritious health drink primarily aimed at children in their growing years, enriched with milk protein and essential nutrients.
Skincare Products: The company markets a variety of skincare items under the Everyuth Naturals brand, catering to various skin care needs.
Personal Hygiene and Care: This segment includes products such as Nycil, a powder that provides relief from prickly heat and has a cooling effect. The company has also expanded into other personal care products, including hand sanitizers.

Subsidiaries of Zydus Wellness Limited Zydus Wellness Ltd has several subsidiaries, including:

Zydus Wellness Products Ltd: This subsidiary was previously known as Zydus Nutritions Ltd and has been fully consolidated under Zydus Wellness. It contributes significantly to the group's health and wellness product portfolio.
Liva Nutritions Ltd: Also a fully consolidated subsidiary of Zydus Wellness, Liva Nutritions Ltd plays an important role in the group's overall operations in the health and nutrition sector.
Liva Investment Ltd: This entity is another fully consolidated subsidiary under Zydus Wellness, contributing to the group's diverse business interests in the wellness domain.

Key Personnel

Dr. Sharvil Patel, Chairman Dr. Sharvil Patel is the Managing Director of Zydus Lifesciences Ltd., the 4th largest lifesciences company in India, and the Chairman of Zydus Wellness Ltd. With a specialty in Chemical and Pharmaceutical Sciences, he has a doctorate for his research in Breast Cancer. He's been recognised with multiple awards, including the ET Pharmaleader of the Year 2022. Under his leadership, Zydus launched patented drugs and is at the forefront of COVID-19 research and vaccine development. Management Outlook

The company has restructured its manufacturing footprint, focusing on geographic diversity to mitigate risks and ensure business continuity, resulting in the closure of the Sitarganj plant.
There's a shift towards strengthening presence in modern trade and e-commerce, with these channels showing increased revenue contribution. Efforts are underway to significantly expand store presence, aiming to reach 30 lakh stores, with a balanced focus on urban and rural distribution.
Through new product innovations, leveraging distribution channels, and expanding the brand portfolio, the company aims to increase market penetration of its key brands.