MedPlus commits ₹100 crore+ to Hyderabad concierge healthcare pilot
MedPlus Health Services is launching a subscription-led health and wellness centre in Hyderabad, with investment exceeding ₹100 crore including startup costs and early losses. A broader rollout will depend on the pilot’s profitability; the retailer also plans to add about 800 pharmacy stores this year.
MedPlus is investing over ₹100 crore in a Hyderabad concierge healthcare pilot while maintaining plans to add around 800 pharmacy stores this year. The retailer expects the subscription-led facility to turn profitable quickly, with wider rollout conditional on pilot performance.
Why this matters
The Hyderabad pilot adds a new care format as MedPlus expands pharmacy capacity after Q1 revenue rose 22% while profit fell on margin pressure, followed by a 22% quarterly net-profit decline amid competition and expansion costs.
Store-opening is steady, with 1,370 signals recorded in the past 90 days.