Apollo AyurVAID announces foray into the Ayurveda product segment
Apollo AyurVAID on Wednesday announced its foray into the Ayurveda product segment with a capital outlay of Rs 15 crore, which will help the company cross Rs 500 crore revenue in the next five years.
This foray into the new vertical not only complements the inpatient-outpatient care model but also opens scalable revenue opportunities and reinforces the vision of mainstreaming
evidence-based Ayurveda
services and products by making it accessible globally, Apollo AyurVAID founder, MD and CEO Rajiv Vasudevan said in a statement.
"We anticipate this portfolio will be a key growth driver, with a revenue aspiration of Rs 500 crores in the next 5 years," Vasudevan said.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Join new Free to Play WWII MMO War Thunder
War Thunder
Play Now
Undo
The Ayurveda products division is being developed as a business unit of Apollo AyurVAID, which is a National Accreditation Board for Hospitals and Healthcare Providers (NABH)-accredited precision Ayurveda hospital network.
While classical formulations will be available through prescription, the OTC (over the counter) and medical foods lines will be available through a wide network of retail and digital platforms.
Live Events
"As we enter the Ayurveda products space, our broader vision is to take the Apollo AyurVAID brand across the length and breadth of India. In the current fiscal we plan to expand our hospital network in an asset-light manner by adding 9 new points of presence, scaling our bed capacity to 350, and aiming to treat over 50,000 patients.
"With a CAGR of 75 per cent over the last 2-3 years, we are on track to surpass the annualised Rs 100 crore revenue mark by mid next year," Vasudevan added.
India's Ayurveda products market is around Rs 60,000 crore, which is growing at over 16 per cent annually, the company added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
14 minutes ago
- Business Standard
Minda Corporation has Delivered its Highest Ever Consolidated Revenue of Rs. 1,386 Crore and Operating Profit of Rs. 156 Crore with an Operating Margin of 11.3%
NewsVoir Delhi NCR [India], August 13: Minda Corporation Limited ('Minda Corp' or the 'Company'; NSE: MINDACORP, BSE: 538962), the flagship company of Spark Minda, announced its financial results for the first quarter ended June 30, 2025. Consolidated Q1 FY2026 Performance - Consolidated Revenue of Rs. 1,386 Crore, a growth of 16.2% YoY - EBITDA of Rs. 156 Crore, with an EBITDA Margin of 11.3%, up 23 bps YoY - PAT of Rs. 65 Crore with a PAT margin of 4.7% Minda Corp achieved quarterly revenue of Rs. 1,386 Crore, surpassing consensus estimates with a growth of 16.2% YoY. This performance is attributed to a strong product portfolio, an expanding customer base and a focus on product premiumisation. During the quarter, the Company reported quarterly EBITDA of Rs. 156 Crore, with a margin of 11.3%, marking a 23 bps YoY improvement. Profit Before Tax (PBT) stood at Rs. 71 Crore, with a margin of 5.1%, while Profit After Tax (PAT) reached Rs. 65 Crore, with a margin of 4.7%. Minda Corporation entered into a Joint Venture Agreement with Toyodenso to establish a Joint Venture Company in India for manufacturing and selling of advanced Automotive Switches. The partnership will provide end-to end solutions for automotive switches across two-wheelers, Passenger Cars and other automotive segments in the Indian market. Minda Corporation will hold the majority stake in the newly formed venture, with an investment in the agreed shareholding ratio of 60:40. The new Joint venture has already received orders from customers in India. This greenfield plant will be set up in Noida, Uttar Pradesh and is expected to commence operations by 2nd half of FY 2026-27. Minda Corporation Collaborates with Qualcomm to co-develop Smart Cockpit Solutions. As part of this collaboration, Minda Corporation is designing a next-generation cockpit platform powered by the Snapdragon® Cockpit Platform from Qualcomm Technologies. This alliance reflects commitment to technological leadership and aligns with the long-term vision of delivering intelligent, connected and user-centric experiences that create sustainable value for OEMs, end users and shareholders. Commenting on the results, Mr. Ashok Minda, Chairman and Group CEO said, "The first quarter of FY26 witnessed a strong performance, supported by resilient demand across key vehicle segments. Leveraging our focus on operational excellence, technology integration, and customer-centric initiatives, we continued to strengthen our market position. As we progress through the year, we remain focused on expanding our market reach, enhancing exports, and delivering sustainable value to our stakeholders through consistent execution and strategic initiatives." Moving forward, the Company aims to broaden its product portfolio by enhancing its competitive edge through sustained R & D investments. We will also continue to strengthen strategic partnerships to leverage technological advancements and effectively address evolving customer needs. Minda Corporation is one of the leading automotive component manufacturing companies in India with a pan-India presence and significant international footprint. The Company was incorporated in 1985. Minda Corporation is the flagship company of Spark Minda, which was part of the erstwhile Minda Group. The Company has a diversified product portfolio that encompasses Mechatronics, Information and Connected Systems and Plastic and Interior for auto OEMs. These products cater to 2/3 wheelers, passenger vehicles, commercial vehicles, off-roaders and after-market. The Company has a diversified customer base including Indian and global original equipment manufacturers and Tier-1 customers. For assimilating the latest technologies, Minda Corporation has a dedicated R & D facility and collaborations with the pioneers and leaders of the automobile industry. This has provided Minda Corporation with the cutting-edge in product design and technology to meet strict international quality standards. For further information on Minda Corporation visit This release contains statements that contain "forward looking statements" including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Minda Corporation future business developments and economic performance. While these forward-looking statements indicate our assessment and future expectations concerning the development of our business, several risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. Minda Corporation undertakes no obligation to publicly revise any forward-looking statements to reflect future / likely events or circumstances.
Mint
14 minutes ago
- Mint
Online retailer stock Krishival Foods rises after Q1 results 2025. Details here
Stock Market Today: Online retailer stock Krishival Foods gained during the intraday trades on Wednesday after Q1 results 2025. The April-June 2025 quarter results were declared by Krishival Foods on Tuesday, after the market hours. Krishival Foods Limited reported Q1 2025 net profits at ₹ 4.27 crore at the consolidated level. This marked almost a 28% increase in the net profit from RS 3.28 crore in the year-ago quarter. The revenue from operations for Krishival Foods at ₹ 49.52 crore during the first quarter of fiscal year 2025-2026, or Q1FY26, marked a strong 69.6% increase compared to ₹ 29.20 crore in the year-ago quarter. The reported profit before tax for online retailer stock Krishival Foods at ₹ 5.85 crore grew 29% year-on-year during the April to June 2025 quarter compared to ₹ 4.26 crore in the year-ago quarter. Online retailer Krishival Foods' share price opened at ₹ 380 on the BSE on Wednesday. At the time of opening, the Krishival Foods share price was slightly higher than the previous session's closing price of ₹ 378.50. The online retailer Krishival Foods' share price touched an intraday high of ₹ 382.20, which meant gains of around 1% during the intraday trades on Wednesday. Online retailer stock Krishival Food share price may have corrected from the 52-week high of ₹ 435.50 seen in June 2025, but with volatility in the Indian Stock Market, however, it still is up 76-77% in a year. Having risen 280% in the last 5 years, the online retailer stock Krishival Food has given multibagger returns to the investors. Krishival is known for its traditional dry fruits, such as cashews, almonds, pistachios, and walnuts. Krishival Foods Limited, formerly Empyrean Cashews Private Limited, was incorporated on March 21, 2014. Subsequently, this company transformed from a private company to a public company, and the name was changed to 'Empyrean Cashews Limited' on November 22, 2021, and then to Krishival Foods Limited on January 20, 2023. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
14 minutes ago
- Time of India
Unicommerce's international business turns operationally profitable in Q1
Synopsis Unicommerce reported a 64% year-on-year increase in its operating revenue at Rs 45 crore for the quarter ended June 2025. The Gurugram-based company's net profit for the quarter remained flat at Rs 3.8 crore from Rs 2.8 crore YoY and sequentially, due to higher expenses and a non-cash accounting adjustment from the Shipway acquisition. On March 21, Unicommerce completed its acquisition of the 57.24% stake in Shipway Technology it did not own, making it a wholly owned subsidiary. It had previously acquired a 42.76% stake in Shipway in December 2024, for Rs 68.4 crore.
