Indoco Remedies Management Meet Update: Nirmal Bang

Indoco Remedies Ltd. building. (Source: Company website).

Indoco Remedies Management Meet Update: Nirmal Bang

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Nirmal Bang Report

We recently had an interaction with the management of Indoco Remedies Ltd. to discuss the outlook for various business segments and future plans. Given below are certain key takeaways from our discussion:

  • Baddi 3 unit is currently operating at 70% utilisation. At peak, the company aims to do Rs 4,500 million in annual revenue from this unit. This would be aided by a shift in product mix and a minor de-bottlenecking exercise.

  • The company expects to move manufacturing for four high-value products from Goa to Baddi Unit 3.

  • The Rs 2500 million revenue target for the U.S. market in FY22 is largely driven by the ramp-up in the existing portfolio.

  • The key triggers in the U.S. market during the year would be the relaunch of ophthalmic products, which is expected in mid-FY22.

Click on the attachment to read the full report:

Nirmal Bang Indoco Remedies -Managment Meet Update-14 June 2021.pdf


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