Zydus Wellness Expands with Naturell India Acquisition

Zydus Wellness has approved the Rs 390 crore acquisition of Naturell India, a healthy snack manufacturer. The acquisition enhances Zydus Wellness’s portfolio in the consumer wellness space, with promising growth prospects due to Naturell's established brand presence and market reach.

Zydus Wellness has announced its decision to acquire Naturell India, a prominent name in healthy snacks, such as nutrition bars and protein chips, for Rs 390 crore. The move reflects Zydus's strategy to diversify its consumer wellness offerings.

The acquisition involves purchasing 100% of Naturell's equity shares, bolstering Zydus's presence in the health-conscious snacking segment. Chairman Sharvil Patel emphasized how this acquisition aligns with Zydus's goals to cater to today's health-conscious consumers.

Naturell India founder Vijay Uttarwar expressed optimism about scaling the business further, leveraging Zydus's strong distribution network. The deal is to be funded by cash and is expected to be earnings accretive for Zydus Wellness in the following year.

(With inputs from agencies.)