Divi’s Labs Grows By Almost Half
Company Sees ‘Minimal Impact’ From COVID-19
Executive Summary
Despite having ongoing expansion activities held back due to the impact of COVID-19, India’s Divi’s Laboratories has been able to enjoy “near normal operations” during its financial first quarter, reporting 47% growth, compared to the prior year period.
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Divi’s Labs Posts Moderate Growth
A modest rise in Divi's Labs' custom synthesis business offset strong growth in nutraceuticals, while a gross margin contraction resulted in the firm's net profit falling.
Divi’s invests in two of its Indian facilities
Divi’s Laboratories says it is investing Rs12.0 billion (US$163 million) in two of its sites in India “in order to cater to the increasing opportunities in generic and big pharmaceutical business”.