Zota Health Care LImited — Updates, 15-11-2024: Press Release (Revised)

Zota Health Care Limited has reported a strong performance for Q2FY25, with revenues reaching ₹6,728 Cr, up 48.6% YoY, and gross profit soaring to ₹3,602 Cr, reflecting a 76.4% increase compared to the same quarter last year. The company expanded its footprint by adding 133 new stores, bringing the total to 1,165, which included 501 company-owned and operated (COCO) locations. This expansion resulted in a substantial rise in footfalls, increasing from 12.22 lakh in Q2FY24 to 22.23 lakh in Q2FY25. Gross Merchandise Value (GMV) also surged to ₹5,554 Cr, nearly doubling from ₹3,159 Cr in the previous year. The company reported an increase in average wallet spends, indicating enhanced customer engagement. Chairman Ketankumar Zota highlighted the firm’s commitment to accessible healthcare and the strengthening of its market position in the retail pharmacy sector. Investors should view this growth trajectory positively, as the company is strategically aligning itself to meet the rising demand for affordable healthcare solutions in India.