Latest news with #India-branded
&w=3840&q=100)
Business Standard
06-05-2025
- Business
- Business Standard
Alembic Pharma Q4 profit dips 12%, revenue rises 17% to Rs 1,770 cr
Vadodara-based Alembic Pharmaceuticals posted a 12 per cent year-on-year drop in net profit for the fourth quarter of the 2024–25 financial year to Rs 157 crore as its net sales increased by 17 per cent to Rs 1,770 crore. The Ebitda was up 9 per cent to Rs 286 crore, with a resulting Ebitda margin of 16 per cent. Profit before tax rose 5 per cent to Rs 192 crore. The company took some write-offs on impaired assets in previous years, which had brought down the taxation, clarified R K Baheti, group CFO, Alembic. Shaunak Amin, MD, Alembic Pharmaceuticals, said that the India-branded business displayed improved performance backed by specialty therapies. 'Our Ex-US business delivered strong growth of 43 per cent across all markets, whereas the US business grew 20 per cent during the quarter,' he added. Alembic has been focusing on markets like the EU, Canada, Australia, and Latin American countries for the last two years, and this has now yielded results, Baheti said, adding that the US still contributes around 60 per cent of their Rs 1,200 crore international generics business. In the coming quarters, the company plans to grow its US business too. The India-branded business grew 8 per cent to Rs 545 crore for the quarter, during which it made four launches in Q4FY25 and 14 launches in total for the year. The animal health business grew 19 per cent for the quarter. Alembic saw a 4 per cent growth in its active pharmaceutical ingredients (API) business for the quarter, but the API business declined 9 per cent for the full year to Rs 1,133 crore. 'We lost some large customers due to pricing competition. We have started working on that, and expect that the API business will be back on the growth path in FY26,' Baheti said.
&w=3840&q=100)
Business Standard
24-04-2025
- Business
- Business Standard
Stock Market LIVE Updates: HUL, Airtel, ICICI Bk drag Sensex 260 pts to 79,860; smallcaps outperform
Sensex Today | Stock Market LIVE Updates: The broader markets are muted with the Nifty Midcap100 lower by 0.06 per cent and the Nifty Smallcap 100 trading higher by 0.40 per cent 8:41 AM Stock Market LIVE Updates: World Bank trims India's FY26 growth forecast to 6.3% amid uncertainty Stock Market LIVE Updates: Highlighting global economic weakness and policy uncertainty, the World Bank on Wednesday lowered India's growth forecast by 40 basis points to 6.3 per cent, a day after the IMF revised its estimate down to 6.2 per cent for FY 2025-26. The Reserve Bank of India (RBI) also recently cut its growth projection to 6.5 per cent, down from the earlier estimate of 6.7 per cent. In its October 2024 forecast, the World Bank had initially projected India's economic growth at 6.7 per cent. READ MORE 8:34 AM Stock Market LIVE Updates: Stocks to Watch, April 24: Tata Consumer, LTIMindtree, NHPC, Bajaj Finance Stock Market LIVE Updates: Tata Consumer Products: The FMCG giant posted a significant 59.2 per cent surge in net profit attributable to shareholders, reaching ₹345 crore in Q4 of FY 2024-25. Net sales for the quarter climbed 17.3 per cent to ₹4,608 crore, while underlying volume growth in its India-branded business stood at 5.9 per cent, excluding acquisitions. READ MORE 8:03 AM Stock Market LIVE Updates: Asia-Pacific markets mixed Stock Market LIVE Updates: Markets in the Asia-Pacific region were mixed mixed on Thursday, as Trump's less confrontational comments about tariffs on China, fuelled optimism regarding a possible thaw in US-China trade war. Japan's benchmark Nikkei 225 climbed 0.97 per cent, and the Topix gained 0.91 per cent. South Korea's Kospi slipped 0.67 per cent and the small-cap Kosdaq slipped 0.18 per cent. Australia's S&P/ASX 200 gained 0.58 per cent. Hong Kong's Hang Seng index dragged 0.29 per cent while mainland China's CSI 300 was higher by 0.21 per cent. 7:54 AM Stock Market LIVE Updates: Wall Street closes higher Stock Market LIVE Updates: US stocks rose on Wednesday, after US President Donald Trump inidcated a less confrontational approach to negotitations with China on trade tariffs. The Dow Jones gained 1.07 per cent to close at 39,606.57, the S&P 500 climbed 1.67 per cent to end at 5,375.86, and the Nasdaq Composite advancing 2.50 per cent to settle at 16,708.05. Futures linked to the SP 500 were up marginally by 0.08 per cent, Nasdaq 100 futures were flat, while Dow Jones futures were down 0.15 per cent. « Previous
