{"id":5021,"date":"2024-11-16T14:30:48","date_gmt":"2024-11-16T09:00:48","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=5021"},"modified":"2024-11-16T14:30:50","modified_gmt":"2024-11-16T09:00:50","slug":"nureca-partners-with-zepto-for-distribution-shares-gain-4","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/nureca-partners-with-zepto-for-distribution-shares-gain-4\/","title":{"rendered":"Nureca Partners with Zepto for Distribution, Shares Gain 4%"},"content":{"rendered":"\n

Nureca Ltd, a home healthcare and wellness company, has entered into a distribution agreement with Zepto, India\u2019s quick-commerce platform known for 10-minute deliveries. Through this partnership, Nureca’s products, including healthcare and wellness devices, will now be available to Zepto’s growing customer base across India.<\/p>\n\n\n\n

While the partnership does not currently meet SEBI\u2019s materiality thresholds, Nureca anticipates significant growth in sales from Zepto in the coming quarters as the collaboration matures. Financial terms of the agreement remain undisclosed.<\/p>\n\n\n\n

In its latest quarterly earnings, Nureca said net sales stood at \u20b9 31.2 crore for the quarter ended September 2024, slightly lower from \u20b9 31.4 crore a year earlier. Loss narrowed significantly to \u20b9 48 lakh from \u20b9 2.89 crore for the same period ending September of FY24. EBITDA for Q2FY25 was \u20b9 80 lakh, a sharp decline from \u20b9 4.59 crore in Q2FY24.<\/p>\n\n\n\n

Following the announcement, Nureca shares closed nearly 4% higher at \u20b9278 on November 14. This stock has so far been a laggard in 2024, sliding 34% against an 8% gain in the Nifty 50.<\/p>\n\n\n\n

Do you have a news tip for Lakshmishree reporters? Please email us at media@lakshmishree.com<\/a><\/p>\n\n\n\n

Source: Moneycontrol<\/a><\/sub><\/sup><\/p>\n","protected":false},"excerpt":{"rendered":"

Nureca Ltd, a home healthcare and wellness company, has entered into a distribution agreement with Zepto, India\u2019s quick-commerce platform known for 10-minute deliveries. Through this partnership, Nureca’s products, including healthcare and wellness devices, will now be available to Zepto’s growing customer base across India. While the partnership does not currently meet SEBI\u2019s materiality thresholds, Nureca […]<\/p>\n","protected":false},"author":1,"featured_media":5022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[683],"class_list":["post-5021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-nureca-partners-zepto"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=5021"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5021\/revisions"}],"predecessor-version":[{"id":5023,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5021\/revisions\/5023"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/5022"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=5021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=5021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=5021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}