Zydus Wellness has reportedly set aside a corpus of Rs 500 crore for acquiring more brands or a suitable over-the-counter (OTC) products company. The company, however, is currently scouting for an appropriate target. The company is mainly scouting for brands in the nutraceutical, cosmaseuticals and OTC segments, given that company focuses primarily in sugar substitutes, personal care and food nutrition supplements, etc. further, the acquisition will be funded through the company's cash reserve.
Further, the company has three well-placed brands and is about to launch a fourth product, Just Pure, in about a week's time. The company plans to leverage more on the Sugarfree brand, which currently has a market share of 92%.
Zydus Wellness is a subsidiary of Cadila Healthcare. The company operates in one segment, the consumer products. Their products include table margarine and spreads, sweet meat and cosmeceuticals. Their brands include Nutralite, Sugar Free and EverYuth.
