MEDPLUS HEALTH SERV LTD

MedPlus Health Services Limited held its Q1 FY27 Earnings Conference Call on July 22, 2026, to discuss financial results for the quarter ended June 30, 2026. Management reported the opening of 222 stores and the closure of 52, resulting in a net addition of 146 stores. The company aims to add 800 net new stores in FY27. Consolidated revenue for the quarter was INR 18,796 million, with a 21.8% year-on-year growth in pharmacy operations. However, the operating EBITDA margin decreased to 3.5%. Management noted a decline in private label sales as a percentage of total revenue, attributing it to a shift in customer preferences. The company has put its capex plans on hold, including investments in a food park and wellness services, due to market feedback. Management expressed confidence in recovering margins and improving private label sales in the coming quarters.

The management highlighted both growth in revenue and challenges in margins and private label sales.