Sun Pharma anticipates high single-digit top line growth in current fiscal: Dilip Shanghvi

Published On 2024-06-03 06:23 GMT   |   Update On 2024-06-03 06:23 GMT
Advertisement

New Delhi: Sun Pharmaceutical Industries, a leading pharmaceutical company, anticipates achieving a robust single-digit top line increase in revenue for the current fiscal, as stated by Managing Director Dilip Shanghvi.

In FY24, the Mumbai-headquartered company disclosed a consolidated total revenue from operations at Rs 48,497 crore, compared to Rs 43,886 crore in FY23.

"We expect high single-digit consolidated top line growth for FY25. All our businesses are positioned for growth," Shanghvi said in an analyst call.

Advertisement
As per PTI, he noted that in the current fiscal, the drug firm will be in the investment phase for its several businesses.
"This includes, but not limited to, product launch costs in the US as the ramp-up of our global specialty business is expected to continue," Shanghvi said. 
He noted that R&D investments will be 8-10 per cent of sales during the year.
Replying to a separate query, Shanghvi said, "We have to continue to invest for the future. And our effort would be that while we are creating that investment for future, we don't do it at the cost of profitability."
He further said, "But even if it does require some increased investment, we would do that because ultimately, our focus is on building a business which is strong long term."
As per AIOCD AWACS MAT March 2024 report, Sun Pharma is ranked number one and holds an 8.5 per cent market share in the over Rs 1,970-billion Indian pharmaceutical market.
For the fiscal ended March 31, 2024, the company reported a consolidated net profit of Rs 9,576 crore. It stood at Rs 8,474 crore in the 2022-23 fiscal

Read also: Sun Pharma new plant inaugurated in Bangladesh

Sun Pharma is an Indian multinational pharmaceutical company headquartered in Mumbai, Maharashtra. The company manufactures and markets a large basket of pharmaceutical formulations covering a broad spectrum of chronic and acute therapies. It includes generics, branded generics, specialty, complex or difficult-to-make technology-intensive products, over-the-counter (OTC), antiretrovirals (ARVs), Active Pharmaceutical Ingredients (APIs), and Intermediates.

Tags:    
Article Source : with inputs

Disclaimer: This website is primarily for healthcare professionals. The content here does not replace medical advice and should not be used as medical, diagnostic, endorsement, treatment, or prescription advice. Medical science evolves rapidly, and we strive to keep our information current. If you find any discrepancies, please contact us at corrections@medicaldialogues.in. Read our Correction Policy here. Nothing here should be used as a substitute for medical advice, diagnosis, or treatment. We do not endorse any healthcare advice that contradicts a physician's guidance. Use of this site is subject to our Terms of Use, Privacy Policy, and Advertisement Policy. For more details, read our Full Disclaimer here.

NOTE: Join us in combating medical misinformation. If you encounter a questionable health, medical, or medical education claim, email us at factcheck@medicaldialogues.in for evaluation.

Our comments section is governed by our Comments Policy . By posting comments at Medical Dialogues you automatically agree with our Comments Policy , Terms And Conditions and Privacy Policy .

Similar News