Market changes and increased regulatory oversight in the US have hurt Lupin, but India’s third-biggest drugmaker is making efforts to come back.
Sales in North America, the US in particular, contribute heavily to Lupin’s revenue (as they do for all leading Indian pharma companies). In 2017/18, North American sales dropped 28.7 per cent to 5,893.9 crore against 8,262.7 crore the previous year, while the US’s contribution to overall sales declined to 38 per cent from 45 per cent three years ago. It has since dropped further to 31 per cent.
In the first half of this financial year, Lupin’s total revenues were 7,807 crore, just 0.2 per cent higher than the same period last year. But the reported net profit was only 468.7 crore, 42.4 per cent down from 813.1 crore for the corresponding period last year. The lower figures have taken their toll on Lupin’s market cap, which dropped to 38,629 crore (as of November 11) from 79,600 core in end 2015. What went wrong?
THE RISE
Bu hikaye Business Today dergisinin December 16, 2018 sayısından alınmıştır.
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Bu hikaye Business Today dergisinin December 16, 2018 sayısından alınmıştır.
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