Zydus Wellness

Zydus Wellness (previously Carnation Nutra-Analogue Foods) is an Indian consumer goods company headquartered in Ahmedabad, Gujarat. It produces nutrition and skincare products. The company is a subsidiary of pharmaceutical company Cadila Healthcare.

Zydus Wellness
TypePublic company
NSE: ZYDUSWELL
BSE: 531335
IndustryConsumer goods
GenreFast-moving consumer goods
Founded1994[1]
Headquarters
Ahmedabad, Gujarat[2]
,
India
Area served
Global
Key people
Sharvil Patel (Chairman)
Tarun Arora (CEO)[3]
Revenue ₹1,777.7 crore (US$250 million) (FY 2020)[4]
₹165 crore (US$23 million) (FY 2020)[4]
₹141 crore (US$20 million) (FY 2020)[4]
ParentCadila Healthcare (72%)[5]
Websitezyduswellness.in

History

Carnation Nutra-Analogue Foods was founded in 1994 as a producer of dairy substitutes. Over the next decade, its margarine product Nutralite became the largest selling margarine brand in India. In 2006, Zydus Cadila acquired a 14.96% stake in the company,[6] and increased its stake in the company to over 70% in 2008, after the merger of Cadila's consumer goods business into Carnation.[7] The merged entity was then named as Zydus Wellness Limited. In 2009, the company began manufacturing men's grooming and skincare products.[8][9]

In 2017, Zydus Wellness developed stevia products as part of its sugar substitute business.[10] In 2018, it launched its second sugar substitute brand.[11]

In January 2019, Zydus Wellness acquired a part of Heinz India's business for ₹4,595 crore (US$640 million) by taking over Heinz India's manufacturing facilities in Aligarh and Sitarganj.[12][13][14]

In 2020, Zydus Wellness began to sell hand sanitisers[15] and chocolate products.[16][17]

References
  1. "Zydus Wellness Ltd". Business Standard. Retrieved 24 April 2020.
  2. "India's beloved Complan, Glucon-D, and Nycil brands now have a fully Indian owner". Quartz. Retrieved 24 April 2020.
  3. "Zydus beats the drums for the Heinz band". Business Standard. Retrieved 7 July 2020.
  4. "Statement of Audited Results for the Period Three Months and Year Ended March 31, 2020" (PDF). zyduswellness.in. Retrieved 11 December 2020.
  5. Dandekar, Vikas; Majumdar, Debleena. "Zydus Wellness: The Complan kid needed nutrition. Zydus has figured out a plan to make it grow". The Economic Times. Retrieved 11 December 2020.
  6. "Cadila buys stake in Carnation Foods". Business Standard India. 18 March 2006. Retrieved 11 December 2020.
  7. "Cadila sets share swap ratio for consumer unit demerger". Reuters. Retrieved 24 April 2020.
  8. Mohapatra, Sushmita; Dutta, Vishal (27 August 2009). "Zydus eyes acquisitions to turn consumer arm into Rs 500-cr company". The Economic Times. Retrieved 11 December 2020.
  9. Gopalan, Krishna (26 May 2012). "Zydus Wellness – Not all is well". Outlook Business. Retrieved 11 December 2020.
  10. "Skin care or functional food? Zydus Wellness eyes acquisitions in FY19". Business Standard. 23 June 2017. Retrieved 11 December 2020.
  11. "Zydus Wellness Expands Portfolio By Launching Sugar Lite". Moneycontrol. Retrieved 11 December 2020.
  12. "Zydus to buy iconic Heinz brands for ₹4,595 cr". The Hindu Business Line. Retrieved 24 April 2020.
  13. "Zydus Wellness completes acquisition of Heinz India". Economic Times. Retrieved 24 April 2020.
  14. "Riding on Heinz, Zydus Wellness eyes Rs 4,500-crore turnover in 5 years". Business Standard. Retrieved 24 April 2020.
  15. "COVID-19: Zydus Wellness launches hand sanitizer under Nycil brand to meet growing demand". Outlook India. Retrieved 7 July 2020.
  16. Ambwani, Meenakshi Verma. "Zydus Wellness looks to strengthen nutrition, immunity play". The Hindu Business Line. Retrieved 11 December 2020.
  17. "Zydus Wellness expects to continue growth momentum on back of new launches". Economic Times. Retrieved 11 December 2020.
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