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
IndustryFast-moving consumer goods
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]

History edit

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 edit

  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. ^ a b "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. ^ a b "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. ^ a b 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.