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Nirmal Bang Report
We met the management of Alkem Laboratories Ltd. to get an overview about the business outlook.
Approximately 71% of Alkem Labs' FY22 revenue came from domestic formulations, 22% from the U.S. market and the balance from 40 other export markets. It is one of the prominent names in India in the acute therapy areas (85% of domestic branded sales) of anti-infective (rank one) gastro-intestinal (rank three), vitamins-minerals-nutrients (rank four) and pain (rank three).
The company has maintained its leading position in the anti-infective segment for more than 15 years. Overall, the company is the fifth largest pharmaceutical company in India in terms of market share and has one of the largest filed forces of over ~11,500 medical representatives in India.
Alkem Labs also has a growing presence in the chronic therapy areas of central nervous system, cardiovascular system, antidiabetes and dermatology.
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