HUL to acquire 49% stake in Zywie for Rs 824 crore to beef up 'health and wellbeing' business

HUL to acquire 49% stake in Zywie for Rs 824 crore to beef up 'health and wellbeing' business

• HUL to acquire remaining 49% stake in OZiva for Rs 824 crore by March 2026
• HUL to sell its minority stake in Nutritionalab for Rs 307 crore
• HUL's Q3 profit dropped 15% due to higher expenses and a one-time labour charge.

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Hindustan Unilever on February 12 announced it would acquire the 49% stake it does not already own in Zywie Ventures (OZiva) for Rs 824 crore to beef up its "health & wellbeing" business. It is also selling its minority stake in Nutritionalab for Rs 307 crore. Both transactions are expected to close by March 2026, the FMCG major said.

"Since entering the H&W category in 2023, HUL has focused on building a strong presence in this nascent yet fast-growing consumer space. OZiva has delivered strong performance following HUL’s majority investment of 51% — scaling to approximately Rs 480 crore in 2025 with a growth of 130% CAGR in last 2 years by developing a

winning portfolio and unlocking significant synergies through HUL’s ecosystem. The Board of Directors of HUL has approved the acquisition of the remaining 49% stake as per the pre-agreed valuation framework, for a consideration of Rs 824 crore, making OZiva a wholly-owned subsidiary of the Company," HUL said in a stock exchange filing.

Zywie Ventures is involved in manufacturing, selling, trading and dealing in: (a) Vitamins, Minerals and Supplements; (b) Beauty and Personal Care and (c) Protein products.

Priya Nair, CEO and Managing Director, HUL, said: “Health & Wellbeing is an important growth vector for us, driven by rising consumer interest in everyday wellness. By taking full ownership of OZiva, we are doubling down on this exciting space to unlock the next phase of growth. Our decisions today reflect our intent of fewer, bigger bets where we can leverage HUL’s strengths in science, distribution and market development to scale purpose-led brands.”

Regarding Nutritionalab divestment, HUL said it is "in line with its strategy of continued portfolio transformation through fewer, bigger bets".

Hindustan Unilever reported a 15% fall in third-quarter profit on February 12, as expenses rose and the Indian consumer giant took a one-time hit from the country's new labour codes.

The local unit of UK's Unilever, home to the Dove and Surf Excel brands, said its profit from continuing operations for the three months ended December 31 fell to Rs 2,590 crore from Rs 3,039 crore a year earlier.

The company took a one-time charge of more than Rs 100 crore tied to the new labour codes.

At 11:10 am, HUL shares were down 3% at Rs 2,384.3 apiece.