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August 20, 2026
The Manager
Listing Department,
The National Stock Exchange of India Limited
Exchange Plaza,
Bandra Kurla Complex,
Bandra (E), Mumbai – 400051.
Dear Sir/Madam,
Trading Symbol: ZOTA
Sub: Transcript of Earnings Conference Call on financial results for the quarter ended June 30, 2026
Ref.: Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
With reference to the captioned subject; we, Zota Health Care Limited (“the Company”), would like to
inform you that the Transcript of Earnings Conference Call on financial results for the quarter ended June
30, 2026 hosted by the Company on August 14, 2026 to discuss Operational and Financial performance
for the quarter ended June 30, 2026, is enclosed herewith. The same is available on the website of the
Company and can be accessed at below mentioned link:
https://www.zotahealthcare.com/wp-content/uploads/2026/08/Zota-Health-Care-Limited-Q1FY27-
Earnings-Call-Transcript-.pdf
This is for your information and record.
Thanking you,
Yours faithfully,
For Zota Health Care Limited
Ashvin Variya
(Group Company Secretary & Compliance Officer)
Place: Surat
Encl.: a/a
Registered Office:
Zota House, 2/896, Hira Modi Street,
Sagrampura, Surat-395002 Ph: +91 261 2331601
Email: info@zotahealthcare.com
Web: www.zotahealthcare.com
CIN: L24231GJ2000PLC038352
“Zota Health Care Limited Q1 FY’27 Earnings
Conference Call”
August 14, 2026
MANAGEMENT: MR. HIMANSHU ZOTA – FOUNDER AND WHOLE-TIME
DIRECTOR, ZOTA HEALTH CARE LIMITED
MR. MOXESH ZOTA – MANAGING DIRECTOR, ZOTA
HEALTH CARE LIMITED
DR. SUJIT PAUL – GROUP CHIEF EXECUTIVE OFFICER,
ZOTA HEALTH CARE LIMITED
Page 1 of 20
Zota Health Care Limited
August 14, 2026
Moderator: Ladies and gentlemen, good day and welcome to the Zota Health Care Limited Q1 FY27
Earnings Conference Call hosted by EY Investor Relations. As a reminder, all participant lines
will be remain in the listen-only mode and there will be an opportunity for you to ask questions
after the presentation concludes. Should you need assistance during the conference call, please
signal an operator by pressing star then zero on your touchtone telephone. I know had conference
over ajit Mishra from EY Investor Relations. Thank you and over to you please proceed.
Please note that this conference is being recorded. I will now hand the conference over to Mr.
Ajit Mishra from EY Investor Relations for opening remarks. Thank you and over to you, sir.
Ajit Mishra: Thank you to all the participants for joining Zota Health Care Limited Q1 FY27 Earnings Call.
I am Ajit Mishra from EY Investor Relations. Before we proceed to the call, let me remind you
that this discussion may contain forward-looking statements that may involve known or
unknown risks, uncertainties, and other factors. It must be viewed in conjunction with our
business risks that could cause future results, performance, or achievement to differ significantly
from what is expressed or implied by such forward-looking statements. Please note that we have
mailed the press release, presentations, results, and the same are available on the exchange and
company website. In case if you have not received the same, you can write to us and we will be
happy to send the same over to you.
To take us through Q1 FY’27 results, business performance, and address your questions today,
we have the top Management of Zota Health Care Limited represented by Himanshu Zota -
Founder and Whole-Time Director, Moxesh Zota - Managing Director, and Dr. Sujit Paul -
Group CEO.
We will start the call with an opening remark on the brief overview of the performance for the
quarter gone past, followed by question-and-answer session. With that said, I will now hand over
the call to Moxesh Zota. Over to you sir. Thank you.
Moxesh Zota: Thank you, Ajit and hello everyone. Thank you for joining us today. We appreciate your time
and continued interest in the company. I hope you all had opportunity to review our Q1 FY’27
Financial Results, Press Release Update and detailed Investor Presentation which was uploaded
yesterday.
We are pleased to begin FY’27 on a strong note continuing the momentum built over the last
two years. During the 1st Quarter we delivered robust growth across our operations, supported
by a sustained expansion of the Davaindia Network and increasing consumer acceptance of
affordable healthcare solutions.
One of the key highlights of the quarter was the continued expansion of the retail footprint.
During Q1 FY’27, we added 264 new Davaindia stores, taking our total store strength to 2,825
stores across the country as of June 30, 2026. While serving nearly 60 lakh customer footfalls
during the quarter.
Page 2 of 20
Zota Health Care Limited
August 14, 2026
Importantly, this expansion is in line with the strategic milestone and the growth objective we
had outlined, reflecting our ability to consistently execute on our commitments. This growth
reflects the increasing relevance of our value proposition and our commitment to improving
access of quality and affordable medicine nationwide.
Beyond expanding our retail footprint, we continue to strengthen our underlying healthcare
ecosystem that will support the company's next phase of growth
During the quarter, we increased our investment in Davaindia Health Mart Limited through right
issue, further reinforcing our commitment towards scaling India's largest organized private-label
pharmacy platform. In parallel, we continue to support the growth of emerging healthcare and
wellness platforms through investment in subsidiaries like KMHP Ventures Limited and Curexis
Ventures Private Limited. These investments are aligned with our broader vision of creating a
diversified healthcare ecosystem beyond traditional pharmacy retail.
Through these initiatives such as UGO Generic and SKIA, we are building additional consumer
touchpoints that can complete our existing retail network and create new long-term growth
opportunities. While these businesses are currently in the initial rollout phase, we believe they
can significantly expand our addressable market over time.
While we remain excited about significant opportunities ahead, our approach continues to be
focused on sustainable and disciplined growth. As previously communicated, we intend to
moderate the pace of store expansion during Q2 FY’27 and focus on improving productivity,
monitoring operation trends across recently added stores, and strengthening the store’s
execution. This approach will ensure that growth remains healthy and scalable over the long
term. We remain confident in the strength of our business model, the scale of opportunity in
affordable generic healthcare, and our ability to create long-term value for our stakeholders.
With that, I will now hand over the call to Mr. Himanshu, who will take you through financial
and operational performance in greater detail. Thank you. Over to you Himanshu.
Himanshu Zota: Thank you Moxesh.
Now, let me talk through the key financial and operational highlights of Q1 FY’27:
We started the year with a strong business momentum and delivered healthy growth across our
core operations. During the quarter, revenue from operations grew to 67.6% Y-O-Y basis to INR
17,360 lakhs, driven primarily by expansion of the Davaindia network and growth in existing
stores.
Our gross profit stood at INR 10,756 lakhs, while gross margin improved to 61.96%, reflecting
the strengths of our business model and product mix. From an operational perspective, the
Davaindia network expanded to 2,825 stores, comprising 1,855 COCO stores and 970 FOFO
stores.
Page 3 of 20
Zota Health Care Limited
August 14, 2026
During the quarter, we added 264 stores, including 201 COCO stores and 63 FOFO stores, while
closing two COCO stores and 16 FOFO stores as a part of our regular business optimization
process. So, we added a net 246 stores in this quarter.
Customer engagement metrics also continued to improve quarterly footfall, increased to
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