















Building with Intent.
Growing with Science.
Building with Intent.
Growing with Science.
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
Leadership Perspective
Leadership Perspective
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.”
“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.”
“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
Rajiv Gandhi
Rajiv Gandhi
CEO & MD
CEO & MD
CEO & MD

Leadership Perspective
Leadership Perspective
Leadership Perspective
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.”
“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.”
“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
Rajiv Gandhi
Rajiv Gandhi
CEO & MD
CEO & MD
CEO & MD


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.
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
Portfolio Strategy
Sharper prioritisation helped consolidate presence across trade and institutional channels
Scaled Operational Governance
Stronger process discipline
Manpower planning
Functional controls
Improved execution consistency
Approval Readiness
Stronger process discipline
Manpower planning
Functional controls
Improved execution consistency
Science-led Preparedness
Scientific rigour
Regulatory progress
Technical engagement
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
Global Footprint
Global Footprint
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.
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.
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.
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+
0+
100+
100+
0+
0+
Countries Served
Countries Served
500+
500+
100+
100+
500+
500+
Distributor Touchpoints
Distributor Touchpoints
3 Manufacturing Setup
3 Subsidiary
3 Diagnotic Centre
1 Joint Venture
Hester Biosciences Nepal Private Limited, Nepal
Subsidiary
3 Manufacturing Setup
3 Subsidiary
3 Diagnotic Centre
1 Joint Venture
Hester Biosciences Nepal Private Limited, Nepal
Subsidiary
3 Manufacturing Setup
3 Subsidiary
3 Diagnotic Centre
1 Joint Venture
Hester Biosciences Nepal Private Limited, Nepal
Subsidiary
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.
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.
One Platform.
Multiple Segments.
Shared Science.
One Platform.
Multiple Segments.
Shared Science.


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

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

PET CARE
PET CARE
PET CARE
PET CARE
Science-led petcare
Science-led petcare
Science-led petcare
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.
Enabling everyday wellness for dogs and cats through veterinarian-led adoption of gut health, joint care, parasiticides, anti-infectives, supplements and grooming solutions.
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.
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.
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
Promoting responsible product use
Educating farmers on biosecurity and hygiene
Strengthening resilient animal-health ecosystems


Healthier Animals


Healthier Animals


Healthier Animals


Healthier Animals
AFRICA
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.
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.
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.


01
Vaccine Access Expansion
Expanding access to ruminant vaccines for small-scale livestock producers across target regions.

01
Vaccine Access Expansion
Expanding access to ruminant vaccines for small-scale livestock producers across target regions.

02
Market Development
Fostering sustainable, private-sector distribution networks in rural and underserved production systems.

02
Market Development
Fostering sustainable, private-sector distribution networks in rural and underserved production systems.

03
Institutional Engagement
Collaborating with organizations like GALVmed to standardize processes, lower costs, and secure animal health.

03
Institutional Engagement
Collaborating with organizations like GALVmed to standardize processes, lower costs, and secure animal health.

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Access the Full Report Suite
Document Library
@2025 Hester Bioscience Limited. All Rights Reserved.
Designed & Developed by Studio Bahubhashi
Terms of Use / Privacy Policy