bullish
Ipca Laboratories (IPCA IN): Stellar Domestic Performance; US Business Poised for Scaling Up
591 Views08 Dec 2023 11:30
SUMMARY
- In Q2FY24, Ipca Laboratories (IPCA IN) reported 10% growth in domestic formulation business, driven by 12% growth in pain management. In FY24, domestic formulation is expected to growth 12–14%.
- Ipca now holds 52.67% stake in Unichem Laboratories (UL IN). Ipca is confident to clock revenue of INR1.7–1.8B and EBITDA of INR300M from Unichem within two years of acquisition.
- As facilities are back onstream, Ipca is augmenting the supply chain and revalidating of all the formulations and updating them. Shipment to the U.S. may begin in Q1FY25.
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Tina Banerjee
Global Healthcare Analyst
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