Building with Intent.

Growing with Science.

Building with Intent.

Growing with Science.

DOWNLOAD ANNUAL REPORT

LEADERSHIP PERSPECTIVE

EXPLORE FY26 HIGHLIGHTS

39 Years of Science-Led Growth

Advancing animal health, empowering farmers and strengthening global preparedness through disciplined execution and science-led innovation.

Growth with Intent. Impact with Purpose.

Growth with Intent.

Impact with Purpose.

Growth with Intent.

Impact with Purpose.

Growth with Intent. Impact with Purpose.

Standalone

Consolidated

(↑2%)

Revenue from Operations

INR 2,921.36
million

(↑64%)

Profit After Tax

INR 521.00
million

(↑56%)

EBITDA

INR 871.03
million

(↑47%)

Return On Equity (ROE)

14%

Standalone

Consolidated

(↑2%)

Revenue from Operations

INR 2,921.36
million

(↑64%)

Profit After Tax

INR 521.00
million

(↑56%)

EBITDA

INR 871.03
million

(↑47%)

Return On Equity (ROE)

14%

Standalone

Consolidated

(↑2%)

Revenue from Operations

INR 2,921.36
million

(↑64%)

Profit After Tax

INR 521.00
million

(↑56%)

EBITDA

INR 871.03
million

(↑47%)

Return On Equity (ROE)

14%

Leadership Perspective

Hester’s disciplined execution, strengthened operations and commitment to long-term value creation are reflected in improved profitability, growth in Poultry Healthcare, commercialisation of the H9N2 vaccine and completion of key infrastructure, together laying a stronger foundation for our next phase.

Rajiv Gandhi

CEO & MD

Leadership Perspective

Hester is strengthening its scientific foundation, manufacturing readiness and organisational depth to translate

innovation into meaningful animal-health solutions and build a more scalable, resilient and globally relevant

organisation.

Hester is strengthening its scientific foundation, manufacturing readiness and organisational depth to translate

innovation into meaningful animal-health solutions and build a more scalable, resilient and globally relevant

organisation.

Hester is strengthening its scientific foundation, manufacturing readiness and organisational depth to translate

innovation into meaningful animal-health solutions and build a more scalable, resilient and globally relevant

organisation.

Hester is strengthening its scientific foundation, manufacturing readiness and organisational depth to translate

innovation into meaningful animal-health solutions and build a more scalable, resilient and globally relevant

organisation.

Priya Gandhi

Executive Director

Protecting Lives.
Powering Responsible Growth.

3,269 million
Poultry Birds
Vaccinated

3,269 million
Poultry Birds
Vaccinated

108 million

Animals

Protected

108 million

Animals

Protected

INR 8.21 million CSR

spending and 18%

dividend payout ratio

INR 8.21 million CSR spending and

18% dividend payout ratio

24% growth in

Poultry Healthcare

Process standardisation

and cost discipline

H9N2 vaccine readiness

unlocked

Responsible operations:

Energy, water, waste, and

process optimisation

Fill-Finish and BSL-3

facilities capitalised

At Hester, progress extends beyond financial performance. It is reflected in our ability of disease prevention, strengthen supply, support veterinarians, serve farmers and operate responsibly. In FY26, we advanced this purpose through sharper scientific readiness, stronger manufacturing infrastructure, deeper market engagement and an expanded international footprint.

A Year of

Intent &

Readiness

A Year of

Intent &

Readiness

A Year of Intent &

Readiness

A Year of

Intent &

Readiness

Scaled Operational Governance

Stronger process discipline, manpower planning, functional controls and improved execution consistency established a more scalable and efficient operating model.

Science-led Preparedness

Scientific rigour, regulatory progress and technical engagement strengthened development readiness and accelerated market preparedness.

Approval Readiness

Early regulatory alignment improved submission quality and reduced avoidable rework.

Portfolio Strategy

Sharper prioritisation helped consolidate presence across trade and institutional channels

Channel and Seasonality Readiness

Enhanced planning aligned trade needs with tender preparedness for time-bound fulfilment

Customer-connected Execution

Dependable supply and field engagement strengthened trust with veterinarians, trade partners and institutional customers

International Footprint

Stable operations, registrations and market development strengthened priority international markets

Global Footprint

Hester’s footprint across India and international markets is designed to diversify revenue, strengthen market resilience and support balanced long-term growth. Backed by manufacturing scale, local technical engagement and disciplined market development.

0 100+

0

Manufacturing Sites

0+

100+

0+

Countries Served

500+

100+

500+

Distributor Touchpoints

0 100+

0

Diagnostic Centers

0 100+

0

Subsidiaries

0 100+

0

Joint Venture

3 manufacturing plants built for reliability regulatory compliance and long-term readiness

Operational Scale

Scientific Excellence

Quality and Data Integrity

Export Readiness

Speed to Market

Built for Reliability. Driven by Science.

3 manufacturing plants built for reliability regulatory compliance and long-term readiness

Operational

Scale

Scientific

Excellence

Quality and

Data Integrity

Export

Readiness

Speed to

Market

Built for Reliability.

Driven by Science.

3 manufacturing plants built for reliability regulatory compliance and long-term readiness

Operational

Scale

Scientific

Excellence

Quality and

Data Integrity

Export

Readiness

Speed to

Market

Built for Reliability.

Driven by Science.

From infrastructure to impact -

Reliable science, scalable capability, and market-ready execution

From infrastructure to impact -

Reliable science, scalable capability, and market-ready execution

One Platform.

Multiple Segments.

Shared Science.

One Platform.

Multiple Segments.

Shared Science.

Poultry Healthcare

Stronger disease prevention readiness

Protecting flock health and productivity through stronger disease prevention, powered by vaccines, health products and diagnostic services.

H9N2 vaccine approval and launches including Silvectant, Hestbac, Hestflora and AmmoStop.

Protecting flock health and productivity through stronger disease prevention, powered by vaccines, health products and diagnostic services.

H9N2 vaccine approval and launches including Silvectant, Hestbac, Hestflora and AmmoStop.

Protecting flock health and productivity through stronger disease prevention, powered by vaccines, health products and diagnostic services.

H9N2 vaccine approval and launches including Silvectant, Hestbac, Hestflora and AmmoStop.

ANIMAL Healthcare

Better herd protection and productivity

Supporting livestock health and farmer livelihoods across large and small ruminants, through vaccines, therapeutics, nutrition and diagnostic services.

Launches including ICEFT RTU, Inomilk Gel, Bovitone HQ10, Uderwise and Hestdrip formulations.

Supporting livestock health and farmer livelihoods across large and small ruminants, through vaccines, therapeutics, nutrition and diagnostic services.

Launches including ICEFT RTU, Inomilk Gel, Bovitone HQ10, Uderwise and Hestdrip formulations.

Supporting livestock health and farmer livelihoods across large and small ruminants, through vaccines, therapeutics, nutrition and diagnostic services.

Launches including ICEFT RTU, Inomilk Gel, Bovitone HQ10, Uderwise and Hestdrip formulations.

PET CARE

Science-led petcare

Enabling everyday wellness for dogs and cats through veterinarian-led adoption of gut health, joint care, parasiticides, anti-infectives, supplements and grooming solutions.

One Health & AMR

Stewardship in Action

One Health & AMR

Stewardship in Action

One Health & AMR

Stewardship in Action

At Hester, One Health is a responsibility in action — connecting animal health, public health, food security and environmental sustainability. Our approach is prevention-first. By advancing timely vaccination, responsible animal healthcare, farmer awareness and field-level engagement, we help reduce disease burden and support antimicrobial resistance (AMR) stewardship.

Preventing disease

through vaccination

Preventing disease

through vaccination

Promoting responsible product use

Educating farmers on biosecurity and hygiene

Strengthening resilient animal-health ecosystems

Healthier Animals

Safer Food Systems

Safer Food Systems

Stronger Communities

Stronger Communities

A More Sustainable Planet

A More Sustainable Planet

AFRICA

Building Vaccine

Access with Intent

Building Vaccine

Access with Intent

Hester Africa is expanding access to animal vaccines through market development, expanded registrations and institutional engagement across the Africa region.

Through Hester Africa and the GALVmed VITAL 2 Project, we're supporting more sustainable, market-driven vaccine delivery for small-scale livestock producers in Kenya, Nigeria and Tanzania — improving vaccine access, increasing adoption and supporting healthier ruminant livestock in rural production systems.