October 2026
Largest Nutraceuticals & Cosmeceuticals Public Companies in India
Benchmark revenue and EBITDA valuation multiples for public comps like
Divi's Laboratories, Zydus Wellness, EID Parry India, Jubilant Ingrevia and Procter & Gamble Health.
 | Divi's Laboratories Ltd is a specialty and generic drug manufacturing company. It is engaged in the manufacture of Active Pharmaceutical ingredients (API), Intermediates, and Nutraceutical ingredients, with a predominance in exports. It also, through its custom synthesis, supports pharma companies for their patented products business from gram-scale requirements for clinical trials to launch, as well as late-life cycle management. Geographically, the company derives maximum revenue from Europe, and the rest from America, India, Asia (excluding India), and the Rest of the world. | $97 | +27% | $26B | $25B | 22.9x | 66.9x | ||
| Zydus Wellness Ltd is engaged in the production and distribution of health and wellness products. It has several brands, including Everyuth, Sugar-Free, and Nutralite. The company offers specialty skincare products under the brand Everyuth Naturals. Zydus's sugar-free product portfolio, a sugar substitute category, consists of Sugar-Free gold for tabletop usage and Sugar-Free Natura for culinary usage. The firm also offers healthy foods, including Nutralite, a healthy butter substitute. Company brands includes: Complan, Sugar Free, Glucon-D, Everyuth, Nycil, Nutralite, and Others. | $5 | -6% | $1.6B | $1.9B | 4.6x | 38.7x | ||
| EID Parry makes sugar, ethanol and co-generated power, and sells nutraceutical ingredients. It also owns a stake in Coromandel International. Customers are food and beverage firms, oil marketers and consumers. Part of the Murugappa Group. Headquartered in Chennai. | $7 | -43% | $1.2B | $2.4B | 0.8x | 7.5x | ||
| Jubilant Ingrevia makes life science chemicals, nutrition and animal ingredients, and specialty intermediates. Products include pyridine and picolines, acetyl chemicals, vitamin B3 and agri and pharma intermediates. Customers are pharma, agrochemical, nutrition and consumer companies in India and abroad. It was demerged from Jubilant Life Sciences and is headquartered in Noida. | $6 | -17% | $1B | $1.1B | 2.4x | 17.2x | ||
| Procter & Gamble Health Ltd is an India based pharmaceutical company engaged in manufacturing and selling of healthcare products, viz., vitamins, minerals and supplements. Patients are end consumers of the products. The Company’s distribution channels (direct & indirect), inter alia, include distributors, health care professionals, pharmacies and chemists. Cosome, Evion, Neurobion, Nasivion, Polybion, Livogen and Seven Seas are some of the brands of the company. The geographical segments include sales in India and exports. | $54 | -23% | $889M | $872M | 6.0x | 17.8x | ||
| Aarti Pharmalabs Ltd manufactures pharmaceuticals and nutraceuticals with a footprint. The company manufactures Active Pharmaceutical Ingredients (API), pharmaceutical intermediates, acids, and xanthine derivatives, including caffeine, theophylline anhydrous, aminophylline, etophylline, and theophylline in India. It also offers Contract Development and Manufacturing Services (CDMS) for drug substance (NCE, RSM, Intermediates) projects. Geographically, the company generates maximum revenue from its customers located outside India. | $9 | -9% | $795M | $875M | 4.6x | 21.7x | ||
| Indian consumer healthcare arm of a global drug group, selling over-the-counter and consumer health brands such as Allegra, Combiflam, Avil and Enterogermina through pharmacies. Based in Mumbai. | $35 | -36% | $795M | $745M | 8.0x | 22.1x | ||
| FDC makes and sells pharmaceutical formulations, including oral rehydration products under the Electral brand, ophthalmic products and anti-infectives, in India and export markets. The company is headquartered in Mumbai. | $4 | -31% | $586M | $532M | 2.3x | 13.0x | ||
| Jeena Sikho Lifecare runs Ayurvedic hospitals and clinics treating chronic disease, and makes and sells Ayurvedic medicines. Patients come to its centres across India. It is based in Zirakpur, Punjab. | $4 | -56% | $459M | $449M | 5.3x | 11.9x | ||
| Gufic Biosciences makes and sells pharmaceutical formulations, with a focus on lyophilised injectables, critical care and anti-infective drugs, plus nutraceutical and consumer products. It sells to hospitals, doctors and distributors in India and exports to several markets. It runs manufacturing sites in Gujarat and is headquartered in Mumbai. | $4 | +14% | $418M | $455M | 5.3x | 28.5x | ||
| Parag Milk Foods makes dairy products such as ghee, cheese, butter, milk and whey protein under Gowardhan, Go and Avvatar brands. It sources milk from farmers in Maharashtra and sells to households through retail and to food companies. It is headquartered in Mumbai. | $3 | -25% | $328M | $391M | 1.0x | 12.2x | ||
| Specialty chemical maker for home, personal care, textile, animal health and nutrition, and performance chemicals. Sells to FMCG brands, textile mills and industrial users across India and exports. Headquartered in Mumbai with plants in Gujarat and Maharashtra. | $5 | -38% | $250M | $275M | 1.1x | 8.4x | ||
| Median | $6 | -24% | $795M | $808M | 4.6x | 17.5x |
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