Key highlights of Conf Call by Capital Mkt
Navratna brands contribute 50% of the branded business sales. Pulsor and Hakama continue to remain the top two brands in the Navratna portfolio.The portfolio of newer brands called as Super 11 has contributed ~15% of branded sales. Looking at the good traction in the Super 11 portfolio, mgmt is confident of achieving 75-80% of branded sales from these two product portfolios in next 2-3 years.The company under took routine maintenance shut down at its technical facility. The shutdown was extended in the wake of poor demand on the back of deficient rainfall. This has hurt company’s margins during the quarter. The manufacturing facility is expected to restart operations from Dec’15.Currently, company manufactures 18 technical’s and is expected to scale it up to 24 by within next 12 months.
The company has envisaged robust plans to launch at least 14 new innovative products in the next 12 months. It has six new technical’s sitting in the pipeline and will be rolled out from Dec’15 onwards. Technicals are high margin products and will help to improve the margin profile of the company. The company also expects to launch six new products in the branded formulation segment from CY16. Apart from this, mgmt indicated that it is on track to launch two new 9(3) molecules in the next 12 months.The company has begun exporting to Middle East and African countries along with Pakistan and Bangladesh. For FY16, the mgmt has guided a modest export revenue of Rs 20-25 crore.
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