Zota Health Care Limited, a pharmaceutical company focused on affordable generic medicines alongside proprietary, OTC, ayurvedic, cosmetic and nutraceutical products, has announced its financial results for the first quarter ended June 30, 2026.

Consolidated revenue from operations for Q1 FY27 stood at Rs. 17,360.23 lakhs, up sharply from Rs. 10,358.34 lakhs in Q1 FY26. Davaindia sales — the company's retail pharmacy business — led this growth, rising 67.59% YoY, which the company attributed to network expansion and healthy demand across existing stores. 

Gross profit for the quarter came in at Rs. 10,756 lakhs, with gross margin improving to 61.96% from 56.43% a year earlier.

Despite the strong revenue performance, EBITDA turned negative at -Rs. 955.40 lakhs for the quarter, compared to a positive Rs. 483.35 lakhs in Q1 FY26, reflecting the costs associated with the company's rapid store rollout.

The Davaindia network expanded to 2,825 stores as of June 30, 2026, comprising 1,855 company-owned (COCO) and 970 franchise-owned (FOFO) outlets — up from 1,745 stores a year earlier. The company added 264 new stores during the quarter (201 COCO and 63 FOFO), while closing 18 stores (2 COCO and 16 FOFO).

Operational metrics also improved alongside the network expansion: quarterly footfall rose to 60 lakh from 35.35 lakh in Q1 FY26, and quarterly gross merchandise value (GMV) more than doubled to Rs. 16,402 lakhs from Rs. 8,778 lakhs. Average wallet spend increased to Rs. 262 across the combined network.

During the quarter, Zota acquired 39,794 equity shares of its wholly owned subsidiary, Davaindia Health Mart Limited, through a rights issue, reinforcing its commitment to scaling the retail healthcare platform. 

Ketan Kumar Zota, Chairman of Zota Health Care Limited, said the company was pleased to begin FY27 on a strong note, building on the momentum from FY26, during which it had achieved key guided milestones including robust revenue growth, network expansion, improved profitability and a strengthened healthcare ecosystem. 

He noted that this momentum continued into Q1 FY27, with the Davaindia network's growth to 2,825 stores reinforcing the company's nationwide presence and the growing acceptance of its affordable healthcare model.