Latest news with #LupinLifeConsumerHealthcare
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Business Standard
14 hours ago
- Business
- Business Standard
Lupin carves out consumer healthcare biz into wholly owned subsidiary
Mumbai-based pharmaceutical major Lupin on Tuesday announced the strategic carve-out of its consumer healthcare business, LupinLife Consumer Healthcare (LCH), into a wholly owned subsidiary. The carve-out will be effective from 1 July 2025, according to the company's regulatory filing on the exchanges. The company said the initiative aligns with its aspiration to establish a specialised consumer healthcare entity, with an enhanced focus on India's rapidly growing self-care market. 'This restructuring will enable enhanced focus with targeted investments, leading to increased consumer impact, market expansion, and accelerated growth,' Lupin said in a statement. Since its inception in 2017, LCH has developed a strong over-the-counter (OTC) portfolio, which includes brands such as Softovac, Beplex Forte, Corcium, and Aptivate. Commenting on the development, Nilesh Gupta, Managing Director at Lupin, said the move reinforces the company's mission of developing high-impact businesses that drive sustained value. While revenue for Lupin's consumer healthcare business is not reported separately, the company recorded a 13.47 per cent rise in total revenue from operations, from ₹2 trillion in financial year 2023–24 (FY24) to ₹2.27 trillion for FY25. The growth in FY25 was led by strong sales and profitability, driven by in-line and new products, along with consistent improvement in operating margins. On Tuesday, Lupin's shares rose 1.21 per cent to close at ₹1,961.30 apiece on the Bombay Stock Exchange (BSE).
Business Standard
14 hours ago
- Business
- Business Standard
Lupin carves-out its LupinLife Consumer Healthcare
To focus on OTC consumer wellness solutions Lupin announced the strategic carve-out of its consumer healthcare business, LupinLife Consumer Healthcare (LCH), into a wholly owned subsidiary, effective 01 July 2025. This initiative aligns with the aspiration to establish a specialized consumer healthcare entity, with an enhanced focus on India's rapidly growing self care market. Since its inception in 2017, LupinLife Consumer Healthcare has emerged as a strong over-the-counter (OTC) healthcare business with a portfolio of scientifically formulated and trusted brands such as Softovac, Beplex Forte, Corcium and Aptivate. Anil Kaushal will lead the new independent entity as Chief Executive Officer. This restructuring will enable enhanced focus with targeted investments, leading to increased consumer impact, market expansion, and accelerated growth.
