MedPlus steps beyond pharmacy with ₹155 cr food-and-wellness bets
The pharmacy chain diversifies into cold-press oils and concierge health, but the ₹155 cr spend is just 1.7% of revenue.
— 4 earlier stories on Medplus Health Services Ltd. →What's new
- Board approved ₹40 cr cold-press oil food park in Hyderabad.
- Also sanctioned ₹115 cr subscription-based health and wellness centre.
- Combined capex is just 1.7% of ₹6,892 cr annual revenue.
Why this matters
The scale is tiny, but the strategic pivot from pure pharmacy retail into food processing and concierge wellness is new. If the subscription model gains traction, it could open a recurring revenue stream. For now, it's a pilot that won't move near-term earnings.
What we're watching
- Whether the concierge wellness model scales beyond Hyderabad.
- Any follow-up capex for private label margin recovery or store expansion.
- How the June-quarter profit dip evolves amid these investments.
The full read
MedPlus is stepping outside its pharmacy comfort zone. The board approved ₹40 crore for a cold-press oil food park and ₹115 crore for a concierge health centre in Hyderabad. That's a combined ₹155 crore, or just 1.7% of the ₹6,892 crore the chain generated in its last fiscal year. Modest in scale, but the strategic signal is clear: after adding 800 stores in FY27 and watching private-label margins recover, MedPlus wants a larger slice of the broader health economy. The subscription-based concierge model, if it sticks, could build a recurring revenue stream on top of transactional pharmacy sales. For now, it's a pilot. The market is unlikely to move much on this — the numbers are too small. But it's worth watching whether this turns into a template for expansion into other cities.
Questions answered
- Why is MedPlus diversifying beyond pharmacy?
- It wants to tap adjacent health and wellness markets, leveraging its existing customer base. The food park and concierge centre represent new business lines.
- How does the total investment of ₹155 cr compare to MedPlus's revenue?
- It is modest at just 1.7% of the ₹6,892 crore annual revenue MedPlus generated in the last fiscal year.
- What is the concierge wellness centre?
- It is a subscription-based facility offering preventive care, diagnostics, specialist consultations, and wellness services. It will be built in Hyderabad.
- Will these projects impact MedPlus's earnings soon?
- Unlikely. The projects are small-scale and at an early stage. They are not expected to materially affect near-term earnings.
- What happened at the board meeting besides the capex approvals?
- The board also approved the June-quarter results, which showed revenue growth but a dip in consolidated net profit. Shrenik Soni was appointed as company secretary.
- When will these projects become operational?
- The filing does not provide a timeline for completion or operational start.
Medplus Health Services Ltd.
Latest quarter · Jun 2026
Strength & growth
Story so far
All notes on MEDPLUS →- 21 Jul 2026 · 7:10 PM IST MedPlus steps beyond pharmacy with ₹155 cr food-and-wellness bets
- today Medplus sees another 4.08% of equity pledged; total with Catalyst tops 17%
- 68d ago MedPlus targets 800 new stores in FY27, private label margins recover
- 69d ago MedPlus profit jumps 46% as pharmacy margins expand
- 69d ago MedPlus profit jumps 46% to ₹2,196.1 mn, revenue up 12% to ₹68,924.6 mn