Results · Healthcare & Life Sciences

Netmeds revenue flat at ₹45 crore in FY26

By Startup Enthusiast · 30 September 2026

What they do

Netmeds is an online pharmacy backed by Reliance that also offers diagnostics and doctor consultations

Operating revenue grew just 2.3% to ₹44.7 crore in the year to March 2026

It stayed profitable with ₹5.5 crore, yet remains far smaller than rivals Tata 1mg and PharmEasy

Netmeds is an online pharmacy that sells medicines with home delivery, along with lab tests, vitamins and supplements.
It also stocks beauty, personal care and wellness items, plus ayurveda, homeopathy, fitness and pet-care products.
Its buyers are everyday consumers across India who want to order medicines online instead of visiting a shop.
It makes money by selling products directly through its website and app (an e-commerce model).
It is Reliance-backed and says it serves customers across 670+ cities and towns, with more than 5.7 million customers.
Revenue was about ₹44.7 crore in FY26 (year to March 2026), up 2.3%, and the company stayed profitable, much smaller than its biggest rivals.

**Pradeep Dadha** - founder and CEO; fourth-generation pharmacy entrepreneur from Chennai whose family has run pharmacy retail since 1914 and moved into drug manufacturing in 1972.