Reliance-backed Netmeds’ growth stalls in FY26

Reliance Industries-backed online pharmacy retailer Netmeds saw its growth stall in FY26, as operating revenue remained almost flat and profit declined during the fiscal year ending March 2026. The company’s operating revenue grew a meagre 2% to Rs 44.69 crore in FY26 from Rs 43.72 crore in the previous fiscal year, according to its standalone financial statements sourced from the Registrar of Companies (RoC). Founded by Pradeep Dadha in 2015, Netmeds started as an e-pharmacy retailer.