FinanceMediaNamaabout 2 hours ago
Netmeds Growth Stalls in FY26
3 min read
Reliance-backed Netmeds posted flat operating revenue of Rs 44.69 crore in FY26, up just 2%, while profit fell 4% to Rs 5.53 crore. The online pharmacy, acquired 60% by Reliance in 2020, faces rising ad spend and 1.17 lakh consumer complaints over five years, as rivals like Tata 1mg scale far larger.
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