Archive · 8 Oct 2026
Fredun Pharmaceuticals Buys 26% Goodman Vetcare Stake for ₹300 Crore
Fredun Pharmaceuticals has bought part of Goodman Vetcare, a company that runs pet pharmacies.
Fredun paid ₹300 crore for a 26% stake.
Goodman Vetcare plans to open eight more stores in three cities.
It expects the business could bring in about ₹100 crore by the 2031 financial year.
Fredun has also acquired Furlicks, a pet-wellness brand.
It plans to increase Furlicks' products from six to 22.
Fredun is also building a digital platform for pet parents called WAGR.
The company plans to grow its branded products and expand its manufacturing facilities.
Fredun Pharmaceuticals announced on 8 October 2026 that it acquired a 26% stake in Goodman Vetcare for ₹300 crore.
Goodman Vetcare plans to open eight stores across three cities and sees a revenue opportunity of about ₹100 crore by FY31.
Fredun also acquired Furlicks and plans to expand the brand from six products to 22 within six to nine months.
The company is developing WAGR, a technology-enabled pet-parenting platform, and aims to move to a fully branded portfolio by 2029.
Fredun is expanding manufacturing capacity and is targeting doubled revenue and profitability over the next three to four years.
- Who
- Fredun Pharmaceuticals Limited and Goodman Vetcare Private Limited.
- What
- Fredun acquired a 26% stake in Goodman Vetcare for ₹300 crore.
- When
- The acquisition was announced on 8 October 2026.
- Where
- The announcement was made in Mumbai; Fredun's planned utility block is in Palghar.
- Why
- The acquisition positions Fredun in the veterinary retail market as it expands its pet-care business.
- Stake acquired
- 26% of Goodman Vetcare Private Limited
- Deal value
- ₹300 crore
- Goodman store plans
- Eight new stores across three cities
- Goodman revenue opportunity
- Approximately ₹100 crore by FY31
- Furlicks product expansion
- From 6 SKUs to 22, with 16 new products planned in the next 6–9 months
- Branded portfolio target
- Transition from an OEM-led business to a 100% branded portfolio by 2029
- Manufacturing investment
- A roughly 40,000 sq ft utility block in Palghar was expected to be operational in October 2026; a further 50,000 sq ft is planned.