Zydus Wellness

Zydus Wellness (previously Carnation Nutra-Analogue Foods) is an Indian consumer goods company headquartered in Ahmedabad, which produces nutrition and skincare products. It is a subsidiary of the pharmaceutical company Zydus Lifesciences (formerly known as Cadila Healthcare). Its brands include Glucon-D, Sugar Free, EverYuth,[6] Complan and Nycil.[7][8] The company operates three manufacturing plants, one in Gujarat and 2 in Sikkim.[9]

Zydus Wellness Limited
TypePublic
NSE: ZYDUSWELL
BSE: 531335
IndustryFast-moving consumer goods
Founded1994[1]
Headquarters
Ahmedabad, Gujarat[2]
,
India
Key people
Sharvil Patel (Chairman)
Tarun Arora (CEO)[3]
RevenueIncrease ₹2,255 crore (US$280 million) (FY23)[4]
Increase ₹310 crore (US$39 million) (FY23)[4]
OwnerZydus Lifesciences (57.59%)[5]
Websitewww.zyduswellness.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.[10]

In 2006, Cadila Healthcare acquired a 14.96% stake in the company.[10] Cadila's stake in the company increased to over 70% in 2008, after the merger of Cadila's consumer goods business, which included sugar substitute brand Sugar Free and EverYuth range of skincare products, into Carnation.[11] The merged entity was then named as Zydus Wellness Limited in January 2009.[12][13]

In 2009, the company began manufacturing men's grooming and skincare products.[12][14] In 2011, Zydus Wellness launched its milk additive brand Actilife.[15]

In 2017, Zydus Wellness developed stevia products as part of its sugar substitute business.[16] In 2018, it launched its second sugar substitute brand called Sugarlite.[17][18]

In January 2019, Zydus Wellness acquired a part of Heinz India's business for ₹4,595 crore (US$580 million), which included the health drink brand Complan, glucose-based energy drink additive Glucon D, talcum powder brand Nycil and Sampriti Ghee. It also took over Heinz India's manufacturing facilities in Aligarh and Sitarganj.[19][20][21]

In 2020, Zydus Wellness began making hand sanitisers[22] and chocolate products.[23][24]

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. "Zydus Wellness standalone Q4 net doubles to ₹29 crore". Business Line. 17 May 2023. Retrieved 2 October 2023.
  5. "Cadila Healthcare Limited". CRISIL. Retrieved 31 January 2023.
  6. "Zydus Wellness' Everyuth goes for an image makeover in beauty market". Business Standard. 2 October 2018. Retrieved 16 May 2023.
  7. "Zydus Wellness Q3 revenues up 14.7% at Rs381.58cr on brand push". www.indiainfoline.com. Retrieved 18 July 2021.
  8. 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.
  9. "Zydus Wellness Ltd". Business Standard India. Retrieved 18 July 2021.
  10. "Cadila buys stake in Carnation Foods". Business Standard India. 18 March 2006. Retrieved 11 December 2020.
  11. "Cadila sets share swap ratio for consumer unit demerger". Reuters. Retrieved 24 April 2020.
  12. 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.
  13. "Zydus Wellness Ltd: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Zydus Wellness Ltd - NDTV". www.ndtv.com. Retrieved 18 July 2021.
  14. Gopalan, Krishna (26 May 2012). "Zydus Wellness – Not all is well". Outlook Business. Retrieved 11 December 2020.
  15. "Unified strokes, a new growth strategy" (PDF). zyduscadila.com. Retrieved 11 December 2020.
  16. "Skin care or functional food? Zydus Wellness eyes acquisitions in FY19". Business Standard. 23 June 2017. Retrieved 11 December 2020.
  17. "Zydus Wellness Expands Portfolio By Launching Sugar Lite". Moneycontrol. Retrieved 11 December 2020.
  18. "Sweet & sour". Economic Times. Retrieved 16 May 2023.
  19. "Zydus to buy iconic Heinz brands for ₹4,595 cr". The Hindu Business Line. Retrieved 24 April 2020.
  20. "Zydus Wellness completes acquisition of Heinz India". Economic Times. Retrieved 24 April 2020.
  21. "Riding on Heinz, Zydus Wellness eyes Rs 4,500-crore turnover in 5 years". Business Standard. Retrieved 24 April 2020.
  22. "COVID-19: Zydus Wellness launches hand sanitizer under Nycil brand to meet growing demand". Outlook India. Retrieved 7 July 2020.
  23. Ambwani, Meenakshi Verma. "Zydus Wellness looks to strengthen nutrition, immunity play". The Hindu Business Line. Retrieved 11 December 2020.
  24. "Zydus Wellness expects to continue growth momentum on back of new launches". Economic Times. Retrieved 11 December 2020.
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