Wellbeing Nutrition’s revenue doubles to Rs 244 Cr in FY26, losses widen to Rs 92 Cr

Clean-label nutraceutical brand Wellbeing Nutrition more than doubled its revenue in FY26, while its losses widened 2.4X to Rs 92 crore. The financial performance comes just after pharmaceutical major USV acquired a 79% stake in the company.

According to financial statements reviewed by Entrackr, Wellbeing Nutrition’s revenue from operations grew to Rs 244 crore in FY26 from Rs 118 crore in FY25.

Founded in 2019, Wellbeing Nutrition operates in the nutraceutical segment, offering products across vitamins, minerals, protein, collagen, omega supplements and other wellness categories. The company sells through its own website, online marketplaces and offline retail channels, and has a presence in markets such as the US, UK and UAE.

Product sales were the company’s sole source of operating revenue during the year. Its portfolio includes collagen supplements, oral strips, marine collagen, slow-release capsules and effervescent tablets.

On the cost side, advertising and promotional expenses surged 78.7% to Rs 109 crore in FY26 from Rs 61 crore in FY25, accounting for around 32% of the company’s total expenditure. Meanwhile, the cost of materials consumed more than doubled to Rs 106 crore during the year.

Other expenses, including freight, commissions, legal fees and overheads, pushed the company’s total expenditure to Rs 338 crore in FY26, up 115.3% from Rs 157 crore in FY25.

As a result, Wellbeing Nutrition’s losses increased to Rs 92 crore in FY26 from Rs 38 crore in the previous fiscal year, despite the strong growth in revenue.

At the unit level, the company spent Rs 1.39 to earn every rupee of operating revenue in FY26. Its return on capital employed (ROCE) stood at -425%, while its EBITDA margin was -34.43%. The company’s current assets stood at Rs 91 crore at the end of FY26.

In February 2026, pharmaceutical major USV agreed to acquire a 79% stake in Wellbeing Nutrition at a valuation of Rs 1,583 crore. The transaction also provides an exit, either partially or fully, to existing investors.

The deal is among the major acquisitions in India’s D2C space in 2026. In February, Mumbai-based consumer goods company Marico acquired a 60% stake in plant-based protein startupCosmix at an equity valuation of Rs 375 crore.

The deal follows a broader consolidation trend in the consumer sector, with large FMCG companies acquiring digital-first brands to expand their portfolios. Last year, Hindustan Unilever acquired a 90.5% stake in skincare brandMinimalist at a pre-money valuation of Rs 2,955 crore.