Zydus Wellness Limited · NSE:ZYDUSWELL
Zydus Wellness — Q4 FY2026 Earnings Presentation
52 slides from Zydus Wellness's earnings presentation, May 18, 2026
Slide 1: Exchange cover letter: Investor Presentation
May 18, 2026 Listing Department Code: 531 335 BSE LIMITED P. J. Towers, Dalal Street, Mumbai–400 001 Listing Department Code: ZYDUSWELL NATIONAL STOCK EXCHANGE OF INDIA LIMITED Exchange Plaza, C/1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai–400 051 Re: Investor Presentation Dear Sir / Madam,
Slide 2: Q4, FY 2025-26 Earnings Presentation
Q4, FY 2025-26 Earnings Presentation May 18, 2026
Slide 3: Safe Harbour Statement
Safe Harbour Statement This presentation contains certain forward-looking statements including those describing Zydus Wellness’s strategies, strategic direction, objectives, future prospects, estimates etc. Investors are cautioned that “forward looking statements” are based on certain expectations,
Slide 4: Company Overview & Consumption Trend
1 2 Company Business Overview & Highlights Consumption Trend 3 4 Financial Board of Performance Directors
Slide 5: Company Overview & Consumption Trend
Company Overview & Consumption Trend
Slide 6: Key Milestones
Capital restructure Acquisition of (QIP and Preferential Naturell (India) Launched issue of Rs. 10,000 Private Limited New Everyuth Tan million) and Launched production Removal repurchased NCDs Launched Acquisition of Reimagining Everyuth facility in Range, of Rs. 15,000 million new variant Carnatio
Slide 7: Business Overview
Business Overview Market Cap Strong > ₹160 bn 1,500+ employees Infrastructure (as on April 30, 2026) 4 manufacturing facilities in India; 80,000 + Global 3P * Dedicated R&D shareholders Centre Manufacturers: 3 International & 20 Domestic Source: Internal MIS * Excluding Comfort Click business
Slide 8: Business Overview
Business Overview Nourishes, Nurtures & 1,950+ ~ 0.7 Million Energizes over Distributors Direct Reach 70Mn families ~2.8 2,700+ 80,000+ million stores feet on street farmers representatives (Direct & Indirect) Source: Nielsen Report/ Internal MIS Excluding Comfort Click business
Slide 9: A Future-Ready Company Aligned with Global Health & Wellness Trends
A Future-Ready Company Aligned with Global Health & Wellness Trends GLOBAL TRENDS PROPOSITIONS Leader in sugar substitutes, expanding into Low Sugar/No Sugar healthier cookies and chocolates Full-spectrum protein portfolio covering High Protein bars, snacks & cookies for every occasion Scaling RTD e
Slide 10: Consumption Trend Overview
Consumption Trend Overview Demand Divergent Q-commerce & E- Geopolitical Trend Commodity Trend commerce Risks Demand remains steady, Key commodities Quick Commerce and E Global geopolitical supported by a strong revival continue to show Commerce maintain strong developments continue to in rural dema
Slide 11: Business Highlights
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Slide 12: A. Domestic Business
zyd welines nouris h -nurture energize A. Domestic Business
Slide 13: Driving Brand Dominance and Market Relevance
Driving Brand Dominance and Market Relevance Glucose Nutrition Sugar Prickly heat *Facial Category Scrub Peel-off Powder Drink substitute # powder cleansing Category Size (in cr.) 1 ~ 1,035 5 ~ 6,575 ~ 355 ~ 840 ~ 4,695 ~ 405 ~ 170 Category Size CAGR Mar-21 Base 7.1% 0.7% 2.1% 6.8% 13.4% 14.6% 17.6%
Slide 14: MAX . EN) Peete
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Slide 15: Paving the Way for Future Business with Rite Bite Max Protein
Paving the Way for Future Business with Rite Bite Max Protien Digital Engagements • Max Protein maintains high momentum and leadership in protein snacking. • Entered into four new categories during the year— Millet Wafer Protein Bars, Max Protein Ultimate Protein Boost (RTD), Max Protein Roots, and
Slide 16: Latest Additions to Our Portfolio
Latest Additions to Our Portfolio Korean-inspired flavours made with Introduced an all-new category, Max 7 grains Protein Roots - Ghee Jaggery Bar 26g NO 10g 4g No Protein Added Sugar Protein Fiber Palm Oil 10g 4g No Source of Milk Low Gluten- Protein Fiber Palm Oil Fiber Protein GI free Launched in
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Slide 18: Shaping the Future of Everyday Wellness
Shaping the Future of Everyday Wellness Offtake continues to get stronger ❖Sugar Free strengthened its category leadership, retaining the No. 1 position with a market share of 96.1%*, supported by a 24 bps year-on-year gain. ❖Sugar Free Green continued its strong momentum, delivering double-digit gr
Slide 19: Shaping the Future of Everyday Wellness
Shaping the Future of Everyday Wellness New Entrant – Choco Spread in Sugar Free D’lite Portfolio – Domestic market ❖Sugar Free D’Lite range continued to deliver a strong quarter performance and recorded high double-digit growth compared to last year quarter. ❖Sugar Free Chocolates continue to witne
Slide 20: Shaping the Future of Everyday Wellness
Shaping the Future of Everyday Wellness ❖I’m Lite continues to strengthen its healthier living proposition as a smarter everyday sugar alternative through the “Sugar Badlo, Health Badlo” campaign. ❖Sustained engagement and stronger visibility are helping the brand in registering higher single digit
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Slide 22: Driving Category Growth by Adding New Consumers
Driving Category Growth by Adding New Consumers Strengthening Position in Targeted Categories ❖Delivered strong double-digit growth in FY26, driven by innovation, distribution, and superior consumer experience. ❖Tan Removal strengthened its saliency within the portfolio, supported by the Q4 FY26 lau
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Slide 24: Strategic Levers Intact to Drive Category and Consumer Growth
Strategic Levers Intact to Drive Category and Consumer Growth ❖ Despite softer category demand from adverse weather conditions in FY26, the brand remained focused on building long-term momentum. TV + Weather Triggered ❖ Successfully entered the performance hydration segment Digital Reach with the la
Slide 25: Strategic Levers Intact to Drive Category and Consumer Growth
Strategic Levers Intact to ❖ With over five decades of consumer trust, Nycil maintains its Drive Category and leadership in the prickly heat powder category, driven by 100% consumer awareness and an effective antibacterial formulation Consumer Growth synonymous with healthy skin. ❖ Built on its prov
Slide 26: Slide 26
Slide 27: Building Lifelong Consumer Relationships
Building Lifelong Consumer Relationships Growth via Portfolio & Partnerships Influencer led Advocacy ❖Brand delivered consistent double-digit growth, Pre-Buzz & Sustenance Influence Advocacy despite LPG supply headwinds, supported by a strong portfolio, innovation, and AI-led consumer engagement. ❖E
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Slide 29: Reinforcing Brand Strength in a Tough Market
Reinforcing Brand Strength in a Tough Market ❖Complan retained its fourth position, holding a 4.1%* market share during the quarter. ❖Despite the category declining by 4.8%* vs last year, posing growth challenges, Complan demonstrated encouraging green shoots during the quarter, delivering near doub
Slide 30: Reinforcing Brand Strength in a Tough Market
Reinforcing Brand Strength in a Tough Market Supported by the “Thoda Plan, Thoda Complan” campaign and its partnership with young cricket talent Vaibhav Suryavanshi, Complan strengthened it connect with younger consumers and drove portfolio growth. Click for Complan Ad Film
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Slide 32: Marketing and Distribution Initiated in Organised Channel
Marketing and Distribution Initiated in Organised Channel • “Dermatological Expertise” campaign targeted premium urban hair-color users across YouTube and #2 Hair Colour Amazon, delivering a 67% uplift in brand awareness Brand on Amazon and 4x benchmark Click-through Rate. • A dermatology-led influe
Slide 33: B. International Business
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Slide 34: WeightWorld meoerech Animigo
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Slide 35: Enhancing Global Market Access Through Acquired Brands
Enhancing Global Market Access Through Acquired Brands Revenue Overview Amazon Ratings in Top Markets Financial Highlights * Revenue UK Weight World Germany Animigo France maxmedix Spain > 4.6 / 5.0 Italy FY 25 FY 26 Like to like for comparative Channel wise Sales Overview Supplier Overview Employee
Slide 36: Latest Additions to Our Portfolio
Latest Additions to Our Portfolio Menophase Probiotic gummies Turmeric with Pure himalayan Probiotic Asthaxathin complex for women ginger and black shilajit capsules gummies softgels capsules pepper Hemp oil liquid Pet’s paw and nose Multivitamins Flea and tick Hemp oil liquid for cats balm for cats
Slide 37: Leveraging Global Wellness Opportunities
Leveraging Global Wellness Opportunities Channel expansion ✓ Launched the WeightWorld and maxmedix brands on Boots.com, a leading health and beauty business in the UK. Geographical expansion ✓ Successfully launched on Amazon in the UAE with our WeightWorld and maxmedix brands.
Slide 38: Building a Stronger International Portfolio
Building a Stronger International Portfolio ❖ Despite ongoing geopolitical disruptions, international business excluding Comfort click delivered high double- digit topline growth. ❖ Sugar Free, Complan, RiteBite - Max Protein and Nycil contributes a significant portion of the overall business. Marke
Slide 39: Global Footprint Established Across Key Markets
Global Footprint Established Across Key Markets India Bahrain Bangladesh Bhutan Hong Kong Kuwait Lebanon Maldives Malaysia Thailand United Arab Emirates Myanmar Nepal Oman Qatar Saudi Arabia Sri Lanka Taiwan Singapore Nigeria Kenya Mauritius Ethiopia South Africa Tanzania Uganda Zimbabwe Morocco New
Slide 40: Awards & Recognitions
zyd welines nouris h -nurture energize Awards & Recognitions
Slide 41: Awards and Recognitions
Awards and Recognitions Achieved the Financial Times e4m Awards: top 1,000 fastest growing Best use of Influencers companies in Europe for award for Everyuth consecutive three years
Slide 42: Financial Performance
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Slide 43: Revenue Performance Snapshot
Revenue Performance Snapshot Domestic Domestic Seasonal Brands Q4 1.7% FY26 Q4 -9.8% -18.8% FY26 FY26 FY26 2.4% Skin and Hair Care International * Q4 21.9% 39.7% FY26 FY26 Q4 31.4% FY26 Food and Nutrition 29.5% Q4 9.4% 15.5% FY26 FY26 FY26 * Includes Comfort click business on a like-to-like basis
Slide 44: Revenue Performance Snapshot
Revenue Performance Snapshot Geographic Mix for FY26 Domestic Market – Organised Channel Saliency 30% 24% 19% 21% 17% 13% FY21 FY22 FY23 FY24 FY25 FY26 Domestic International * • Organized channel saliency stood at 30% in FY26, comprising Modern * Including post acquisition Comfort Click business Tr
Slide 45: Gross Margin Performance Snapshot
Gross Margin Performance Snapshot Most brands recorded gross margin expansion, underscoring the strength of the portfolio, with the uplift further supported by the newly acquired brands. Gross Margin % to Net Sales Y-o-Y Gap + 314 + 261 +2 + 42 - 73 + 483 + 1561 + 1000 + 168 + 772 bps 63.3% 64.8% 60
Slide 46: Key input rate trends towards recovery of Margins
Key input rate trends towards recovery of Margins Milk Edible oils Dextrose Monohydrate 37.6% vs Q4 FY24 13.0% vs Q4 FY24 -5.8% vs Q4 FY25 10.0% vs Q4 FY25 -0.3% vs Q4 FY24 4.1% vs Q3 FY26 -4.1% vs Q3 FY26 -9.2% vs Q4 FY25 -2.6% vs Q3 FY26 Q4 FY 2024 Q4 FY 2025 Q3 FY 2026 Q4 FY 2026 Q4 FY 2024 Q4 FY
Slide 47: Financial Highlights for the Q4 & FY26
Financial Highlights for the Q4 & FY26 INR Million Q4 FY26 Q4 FY25 Y-o-Y Growth % FY26 * FY25 *** Y-o-Y Growth % Net Sales 14,761 9,106 62.1% 39,400 26,912 46.4% Revenue from operation 14,847 9,131 62.6% 39,610 27,089 46.2% Gross Contribution 9,650 5,014 92.5% 23,941 14,308 67.3% (% of net sales) 64
Slide 48: EPS on Adjusted PAT
EPS on Adjusted PAT INR Million Q4 FY26 Q4 FY25 Y-o-Y Growth % FY26 * FY25 ** Y-o-Y Growth % Net Profit after exceptional items 1,620 1,719 -5.8% 1,972 3,469 -43.2% Amortization of acquired brands 467 64 629.7% 1,174 64 1734.4% Exceptional items *** - - N.A 408 (59) N.A Adjusted Net Profit 2,087 1,7
Slide 49: Key Financial Metrics
Key Financial Metrics Revenue from Operations Gross Margin * EBITDA ** 50.7% 48.9% 50.8% 52.5% 60.2% 17.2% 15.0% 13.2% 14.0% 12.9% Healthy CAGR – 18.5% 39,610 5,097 23,941 27,089 3,797 23,278 3,448 3,371 22,548 14,308 3,082 20,091 10,287 11,088 11,894 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY2
Slide 50: Board Of Directors
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Slide 51: Board of Directors
Board of Directors Mr. Akhil Monappa Dr. Sharvil P. Patel Independent Director Non - Executive Chairman Mr. Akhil Monappa, Independent Director since May 2023, holds degrees from Dr. Sharvil Patel, Chairman and Non-Executive Director of our Harvard and Georgia Tech. Currently a Director at YAZZ Limi
Slide 52: Zydus Wellness Limited
Zydus Wellness Limited Regd. Office: Zydus Corporate Park, Scheme No. 63, Survey No. 536, Khoraj (Gandhinagar), Nr. Vaishnodevi Circle, S. G. Highway, Ahmedabad – 382481, India. CIN: L15201GJ1994PLC023490 +91-79-71800000 www.zyduswellness.com