Himalaya's animal division sees 30% growth

Himalaya's animal division sees 30% growth

Himalaya's animal division sees 30% growth

The animal health division of the The Himalaya Drug Company, India’s leading home-grown wellness brand, is growing at 30% to touch Rs 130 crore in revenues by the end of this financial year (2017-18).

The division closed this year’s revenues with Rs 100 crore from four categories aquaculture (Rs 11 crore), companion care (Rs 12 crore), livestock (Rs 44 crore), and poultry Rs 33 crore).

On the growth percentage of these categories, Philipe Haydon, CEO, The Himalaya Drug Company told DH, “Our aquaculture is witnessing a growth of 99%, followed by companion care with 46%, livestock (44%) and poultry (33%).”

Recently, the division has forayed into the Rs 700 crore pet nutrition category with the launch of healthytreats — the country’s first herbal, nutritious snack for pets.

“Himalaya has engaged small and marginal farmers for sourcing of our herbs as part of our supply chain. We have a network of more than 3,000 farmers under the arrangement ‘Kisaan Mitra’,” Haydon said.

He further said, “Apart from this, we are working jointly with state government prison department on a rehabilitation programme through medicinal plants. The initiative ‘Nayi Subha’ is present at seven locations with three state of Karnataka, Andhra Pradesh and Goa.”

“With rich expertise in the animal health division for over 17 years and being the No. 1 herbal player in this category, the company aims to introduce few more products under this category,” he said, adding that the company is in compliance with all the rules and regulations laid down by the Ministry of AYUSH, National/State Biodiversity Board and other authorities.

In addition, the company is also in compliance with access benefit sharing norms. Access Benefit Sharing refers to an international agreement that aims at sharing benefits arising from the utilisation of genetic resources in a fair and equitable way.

Himalaya launched its animal health division in the year 2000, and has carved a niche for itself as the leading herbal player in the veterinary industry.