MedPlus profit falls 22% despite 22% revenue growth; network reaches 5,476 stores
MedPlus added 146 mostly franchisee-led stores in Q1 FY27, taking its network to 5,476, but higher overheads and softer private-label growth pressured profitability. Operating EBITDA fell 11% and gross margin declined 163 bps year on year. The company also approved Hyderabad food-park and wellness-facility investments.
MedPlus posted weak Q1 FY27 profitability despite 22% revenue growth, as margins and private-label growth softened while overheads rose. It added 146 mostly franchisee stores, approved Hyderabad food-park and wellness-facility capex, and Nomura retained its Buy rating.
Why this matters
The results extend MedPlus's recent pattern: a prior Q1 signal reported a 21% profit drop and 17% share fall, while another cited competition and expansion costs. MedPlus has also committed ₹100 crore+ to a Hyderabad concierge healthcare pilot.
Retail-company signals are accelerating, up 994,400% QoQ.