Sun Pharma Q2 net profit rises 5% to Rs 2,375 crore

Sun Pharmaceutical Industries Ltd. reported second-quarter consolidated net profit grew 5% to Rs 2,375.5 crore from the year-earlier period.  Gross sales at Rs 12,003 crore, grew 11.0% Year on Year (YoY). India formulation sales at Rs 38,42.5 crore, grew 11.1% YoY while U.S. formulation sales increased 4.2% YoY to $430 million.

The company said it’s global specialty sales increased 19.3% YoY to $240 million and  global specialty sales accounted for 16.4% of Q2FY24 sales.

Emerging Markets formulation sales at $284 million, grew 9.4% YoY and Rest of World formulation sales increased 13.7% YoY to $206 million, the company said in a filing.

Dilip Shanghvi, Managing Director in a statement said, “U.S. FDA’s acceptance of deuruxolitinib NDA for treatment of moderate to severe alopecia areata marks an important milestone.

“There are limited treatment options for alopecia areata and deuruxolitinib should make a meaningful difference in patient lives, once approved,” he said.

“Similarly, another late stage candidate Nidlegy will potentially complement our Odomzo franchise. Nidlegy’s recent positive phase-3 data in patients with locally advanced fully resectable melanoma positions us to provide patient solutions across a broad spectrum of skin cancers,” he added.

Related Posts

  • Pharma
  • July 8, 2025
  • 77 views
HC-ordered expert panel for weight loss drug may be set up by mid-July

The Central Drugs Standard Control Organization (CDSCO) is likely to begin work on forming a court-ordered expert panel to study the unregulated use of weight loss drugs by mid-July, according…

  • Pharma
  • July 8, 2025
  • 40 views
Biocon Biologics Gets UK Nod for Vevzuo, Evfraxy

New Delhi: Biocon Ltd on Monday said its arm Biocon Biologics Ltd has received marketing authorisations from the Medicines and Healthcare products Regulatory Agency (MHRA) in the UK for Vevzuo…

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

HC-ordered expert panel for weight loss drug may be set up by mid-July

HC-ordered expert panel for weight loss drug may be set up by mid-July

Biocon Biologics Gets UK Nod for Vevzuo, Evfraxy

Biocon Biologics Gets UK Nod for Vevzuo, Evfraxy

Indian Medical Association opposes decision to allow homeopaths to prescribe modern medicines post pharma course

Indian Medical Association opposes decision to allow homeopaths to prescribe modern medicines post pharma course

‘AACI Came, AACI Saw, AACI Conquered’ Indian Accreditation Domain in Healthcare

‘AACI Came, AACI Saw, AACI Conquered’ Indian Accreditation Domain in Healthcare