MedPlus Announces ₹130 Cr Buyback | Management Explains Why Now & Growth Strategy | ET Now
ET Now · 11 Nov 2026 · 7 min
Management interview of Medplus Health Services Ltd (MEDPLUS), with 6 key numbers discussed.
- Gangadi Madhukar Reddy, Founder and MD & CEO, MedPlus Health Services
MedPlus Health Services approved a Rs 130 cr share buyback funded by internal cash accruals after shelving earlier plans for concierge services and manufacturing expansion. The company holds Rs 530-540 cr in cash, remains debt-free, and expects store additions to cost no more than Rs 135 cr for the remaining 450 stores this fiscal year. Management targets 18-20% top-line growth for FY27. EBITDA growth faces pressure from minimum wage hikes in key states such as Karnataka, but management aims to raise EBITDA margins by 200 bps over the next couple of years via private labels and cost rationalisation.