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Yes Securities Report
Alembic Pharmaceuticals Ltd. clocked 11% growth in Q4, on the back of strong growth in India business which continued its outperformance versus Indian pharma market.
U.S. business delivered a surprisingly good quarter driven by inventory stocking, one-time sales of few products and market share ramp up in existing business.
Alembic Pharma also acquired remaining 40% of Aleor Dermaceuticals Ltd. business making it a wholly owned subsidiary; company wrote off Rs 1.88 billion in Aleor reearcj and development with another Rs 1.5 billion to be written off in FY23.
Alembic Pharma guided to $55 million as the base U.S. business (with Q4 at $74 million) even as Q1 is likely to exceed the base number as one-off opportunities still persist.
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