Granules India posts 3.4 percent rise in Q2 revenue
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Bengaluru: Granules India reported a 3.4% rise in second-quarter revenue as the Paracetamol maker benefited from higher sales in North America.
The generic drug maker's consolidated revenue from operations climbed to 11.89 billion rupees ($142.77 million) in the three months ended Sept.30, from 11.51 billion rupees a year earlier.
Indian generic drug makers are expected to gain from new product launches and easing price competition in the United States, which accounts for the bulk of their revenue, according to analysts.
Read also: Granules India bags USFDA nod for Esomeprazole Magnesium Delayed Release Capsules for GERD symptoms
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