Archive · 2 Jun 2025
MedPlus Health to Open 600 Stores in FY26
MedPlus, a pharmacy chain, plans to open a lot more stores next year.
They had to slow down opening stores last year because of some issues.
The company is also selling more of its own brand of medicines.
They are making more money on each sale.
They expect to continue growing their business.
The company is also doing well financially, with a strong revenue.
MedPlus Health plans to open around 600 stores in FY26.
Store expansion slowed in FY25 due to election-related disruptions.
Approximately 150 new stores will be in new states.
MedPlus brand medicines account for about 25% of medicine volume.
EBITDA margin rose to 5.3% in the Jan-Mar 2025 quarter.
- Who
- MedPlus Health Services
- What
- MedPlus Health plans to open 600 new stores in FY26.
- When
- FY26
- Where
- New stores in existing markets across 10 states, and new states like Madhya Pradesh, Chhattisgarh, and Kerala.
- Why
- To increase store count and revenue, and expand into new markets.
- Company
- MedPlus Health Services
- Planned Store Openings (FY26)
- 600
- EBITDA Margin (Jan-Mar 2025)
- 5.3%
- Revenue (Jan-Mar 2025)
- ₹1,510 crore
- Market Capitalisation
- ₹11,947.24 crore
- Debt
- No debt