Team Blitz India
Chennai: Apollo Hospitals will add 600 offline pharmacy stores across the country as it is looking to close the current fiscal with ₹10,000 crore in revenues from its omnichannel pharmacy business.
The offline pharmacy distribution segment was earlier part of Apollo Healthcare Enterprises (hospital business). From March 2022, the pharmacy distribution segment was transferred to Apollo Health Co Ltd, a 100 per cent subsidiary of AHEL. Apollo HealthCo now includes offline pharmacy distribution, online pharmacy distribution, and digital healthcare platform Apollo 24/7.
In FY23, the combined pharmacy business reported a revenue of ₹8,238 crore, compared to ₹6,768 crore in FY22. The company added 1,012 stores in the previous fiscal after adding 411 stores in FY22.
