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New products to lead Nicholas topline growth - Views on News from Equitymaster
 
 
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  • Apr 25, 2000

    New products to lead Nicholas topline growth

    Nicholas Piramal has reported an above average topline growth of 13% (vis–a–vis the overall domestic pharmaceutical growth of 9%) primarily due to introduction of new products which contributed around Rs 500 m to the topline.

    These products were in the relatively faster growing cardiovascular segment. The other positives for the company during the year were the sale of its bulk drug business, the price revision allowed for Vitamin A (which would yield Rs 40 m next year) and the restructuring of its facility at Deonar which yielded cost benefits.

    (Rs m) FY1999 FY2000 Change
    Sales 4300.00 4865.00 13.1%
    Other Income 188.00 182.00 -3.2%
    Expenditure 3746.00 4200.00 12.1%
    Operating Profit (EBDIT) 554.00 665.00 20.0%
    Operating Profit Margin (%) 12.88% 13.67%  
    Interest (net) 145.00 112.00 -22.8%
    Depreciation 89.00 106.00 19.1%
    Profit before Tax 508.00 629.00 23.8%
    Other Adjustments      
    Tax 55.00 60.00 9.1%
    Profit after Tax/(Loss) 453.00 569.00 25.6%
    Net profit margin (%) 10.53% 11.70%  

     

     

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