Plethico, Walmart to sell nutraceutical brands
Moneylife Digital Team 28 June 2010

Plethico Pharmaceuticals Ltd on Monday said that it has joined hands with US retailing giant Walmart for supplying its nutritional products to US consumers.

Plethico Pharmaceuticals, through its wholly-owned subsidiary Natrol Inc, has entered into a supply contract with Walmart, under which the Indian firm would supply 10 new nutraceutical brands to the retailer, the company said in a filing to the Bombay Stock Exchange.

"As a key Natrol retail partner, Walmart recognises the importance... And has expanded its in-store offerings with a new grouping of ten Natrol brand nutraceuticals that address the health needs of adult women..." the filing said.

On Monday, Plethico Pharmaceuticals closed 0.4% up at Rs399 on the Bombay Stock Exchange, while the benchmark Sensex ended 1.1% up at 17774 points.

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