India Branded Business Ex of Covid related products grew by impressive 20%.
International Generics Business de-grew by 3% to Rs. 549 Cr.
Vadodara, August 4th, 2022
Alembic Pharmaceuticals Limited reported its consolidated financial results for the quarter ending 30th June, 2022
Mr. Shaunak Amin, Managing Director, Alembic Pharmaceuticals Limited said “India Branded Business continues to deliver robust numbers in Q1. India Business will witness market outperforming growth across most of the products and therapy areas in current year.”
Mr. Pranav Amin, Managing Director, Alembic Pharmaceuticals Limited said “It was tough quarter with significant price erosion in the US market, we also charged off a non-recurring expense of Rs. 115 Cr.”
Profit before tax for the quarter is Rs. 47 Cr. before charging off the above non-recurring expense.
7 ANDA filed in Q1 FY23. Cumulative ANDA filings at 237.
8 ANDA approvals received in Q1 FY23 Cumulative ANDA approvals 167.
US Generics at Rs. 367 Cr. in the Q1 FY23.
Ex-US International Formulations at Rs.182 Cr. in the Q1 FY23.
India Branded Business
India Branded Business at Rs. 480 Cr. in the Q1 FY23.
Ex of Covid related products, growth of India Branded Business is 20%.
API business at Rs. 233 Cr. in the Q1 FY23.
1 DMFs were filed in the quarter.
About Alembic Pharmaceuticals Limited
Alembic Pharmaceuticals Limited, a vertically integrated research and development pharmaceutical company, has been at the forefront of healthcare since 1907. Headquartered in India, Alembic is a publicly listed company that manufactures and markets generic pharmaceutical products all over the world. Alembic’s state of the art research and manufacturing facilities are approved by regulatory authorities of many developed countries including the US FDA. Alembic is one of the leaders in branded generics in India. Alembic’s brands, marketed through a marketing team of over 5500+ are well recognized by doctors and patients.
Information about the company can be found at www.alembicpharmaceuticals.com; (reuters:ALEM.NS) (bloomberg:ALPM) (nse:APLLTD) (bse:533573)
The FICCI Ladies Organisation (FLO) 19th Chapter “FLO Vadodara” was launched on Saturday, by Jayanti Dalmia, the 39th President of FLO.
FLO endeavours to promote women entrepreneurs and professionals and assist them to grow professionally. The launch of this Chapter will help bring entrepreneurs both existing entrepreneurs and potential, and other professionals under the FLO umbrella.
“Often known as the ‘Jewel of
Western India’, Gujarat represents the vibrance of India while Vadodara is one of its leading industrial hubs known for its entrepreneurial spirit. This is the result of old established business houses and the business acumen ingrained in the culture and tradition of Gujarat and we look forward to working actively in Vadodara.” said Jayanti Dalmia, President FLO.
FLO Vadodara is an addition to the 18 existing Chapters of FLO across the country with its headquarters in New Delhi.
The new Chapter will aim at enhancing the capabilities of women through appropriate awareness, training and development programmes that enable women to contribute towards India’s socio-economic growth by fulfilling their individual potential.
Reshma Patel was announced as the Founder Chairperson of the new Chapter along with her dynamic team of Office Bearers, Barkha Amin (Sr Vice Chair), Avni Bhayani (Vice Chair), Rati Desai (Treasurer), and Avni Patel (Executive Secretary).
Talking to media Ms Reshma Patel said“I am thankful to FLO for giving me this opportunity. The FLO Vadodara Chapter will work towards this direction and create the right thrust for women empowerment in the region with special emphasis on supporting entrepreneurship.”
The ceremonial event was further enhanced by the inauguration of the FLO Bazaar, ‘Ariso’ and was very well attended with a strong turnout of Vadodara Chapter members as well as the Presidium, Past Presidents and National Governing Body Members from around the country.
M Square Media (MSM) is proud to welcome and install into its high-caliber set of executives, its new Chief Technology Officer Anand Fadte. Anand will take an important role in the company’s global expansion through building and strengthening its technological infrastructure in the international education sector.
Anand’s role as MSM CTO will see him take charge of technological resources, and maintaining and resolving all technical-related issues. Anand will also oversee the development of technical initiatives that propel MSM into achieving its business goals. He will be working closely with the Chief Executive Officer Sanjay Laul in terms of formulating a set of strategies with set timelines for evaluation, development, and deployment of all technical services. Anand and his team are expected to contribute to the positioning of MSM as a competitive player in the international education sector.
“I am proud to welcome Anand to the MSM family. His impressive background and expertise in technology will certainly be helpful in increasing the organization’s competitive advantage, while supervising system infrastructure to ensure functionality and efficiency,” says Sanjay.
Anand holds multiple degrees: a Bachelor’s degree in Computer Science, a Masters in Business Administration, Computer Science and Mathematics, and a Post Graduate Diploma in Applied Statistics, Post Graduate Program in Machine Learning (ML) and Artificial Intelligence (AI). He is currently pursuing a Doctorate degree in AI and ML in a Swiss University.
“As CTO, I look forward to creating an enduring impact for the organization, stakeholders and partners through innovation and breaking new grounds in technology for the education sector,” notes Anand.
The new CTO lives an active lifestyle, with badminton as his sport of interest. He lives by the mantra of “keeping things simple” and believes in maximizing the resources one already has at this disposal. Anand considers himself to be a “seeker” and looks forward to both sharing and learning in his new position of leadership with MSM
Marking 25 years of being in the beauty and personal care business, Health & Glow is here to brighten your everyday with its new colour-cosmetic range
The new colour cosmetic range forges the company’s extensive beauty experience in a palette full of lip colours, foundation sticks, compact powders and kajal .Leading omni-channel beauty retail chain Health & Glow, has announced its very own brand launch in the space of quality colour cosmetics. The company’s latest launch, H&G Cosmetics, offers a fresh assortment of vegan, cruelty-free everyday makeup products.
After having spent over two and a half decades addressing wants and needs of consumers in the beauty industry, Health & Glow is uniquely placed to understand the experience that consumers seek from their makeup. H&G cosmetics has come into existence with this understanding, coupled with in-depth research on current consumer needs and the best of what’s trending in the space.
A range of daily wear colour-cosmetics for all those who like to try new, trendy products, is the first step in reaffirming the brand’s legacy in the cosmetic space. With product prices modestly starting at INR 199, H&G cosmetics has set the stage to extend the company’s vision of merging quality product experience with affordability to the colour cosmetics space as well.
H&G Cosmetics’ debut collection revolves around the theme ‘Work, Play and Party’ and currently features 22 shades of Liquid Lip Colours, 23 shades of bullet Lipsticks, 2 in 1 Foundation Stick in 7 shades, Compact Powder in 3 shades and retractable Kajal in 5 aesthetic tints. These affordable, high quality products shall be available at Health & Glow retail touch points across India as well as on the brand’s mobile app and website.
Speaking about the launch, Mr. Venkataramani, CEO, Health & Glow said, “The beauty industry has shown an impressive growth with the emergence of new-age brands and beauty influencers. This trend has pushed the brands to become more aggressive and innovative in their approach. With H&G cosmetics, our aim is to provide a range of daily-wear makeup products that will deliver a rich product experience given the price. At H&G, we have endeavoured to follow tech-savvy and new-age ways to provide consumers comprehensive beauty solutions with an enriching experience. We are certain that our new range of cosmetics will make a perfect choice for the Indian skin with the right assortment of shades. Makeup is all about fun and expression, and we want consumers to experience that everyday with H&G cosmetics!”
According to a recent report by Mordor Intelligence, India Cosmetics Products Market is projected to grow at a CAGR of 4.23% during the forecast period 2022 – 2027. Colour cosmetics dealing in facial makeup capture a substantial segment of the Indian market. Secondly, the cruelty-free, vegan beauty category has been booming for a while across the globe, and its awareness is sure to affect and alter the Indian market in the near future. With the alert Indian consumer, it shall no longer be possible for brands to get away with harsh ingredients and unfriendly product compositions. H&G Cosmetics has prioritized these preferences and has customized the range to the varied types of Indian skin and texture. All products of H&G cosmetics are dermatologically tested and paraben-free.
With over 170 stores across the country and a wide-ranging portfolio of 10,000+ products, Health & Glow has been dominating the personal care space for more than 25 years.
The new Vadodara chapter of FICCI FLO , started recently , which now has over 100 members in Vadodara city, organized one of its kind event on Wednesday 27th April 2022 , a 1st ever Project Shark Tank Social entrepreneurs to help the society through various NGO’s, this event was conceived by the Vice Chair of FICCI Flo Vadodara, Mrs. Barkha Amin.
The event was organized to give social women entrepreneurs of Vadodara a platform to come forward and present their projects / ideas to the Sharks through FICCI FLO VADODARA chapter. The social entrepreneurs pitched to a selected group of sharks / sponsors who were present to chose and invest in the social projects.
The investing sharks came from various social backgrounds with having huge experience in working with varieties of social causes in India and Abroad.Each social entrepreneur was given 5 minutes to present their cause. This was followed by a negation round from the sharks. At the end of this round, the sharks bided to sponsor the project.
The 4 sharks for this event were women who have contributed and continue to contribute to the cause for society.
The Sharks were,
Mrs. Taruna Patel, CEO of Elecon group Anand and Madhubhan Resort and Spa.
Mrs. Malika Amin, Managing Director and CEO of Alembic Group Vadodara. Alembic Group, established more than a century ago in the year 1907 is a diversified industrial house today, having interests in various businesses such as pharmaceuticals, fine chemicals, glassware, engineering and real estate.
Dr Ruchi Mehta is currently head of strategy at Deepak Foundation. She has worked in London for 3 years advising the government on health policies.
Madhavi Agarwal is the founder of Cygnus World School Vadodara. She graduated in Economics from Delhi’s prestigious Shri Ram College. She did a rigorous course in Child Psychology from UK. A strong proponent of all round development, she acquired a diploma in Business Finance from ACFAI.
The participants from the NGOs included Ms. Nihar Agarwal from Anwesha Foundation, who had come to raise funds for the setting up of a local lab facility and waste collection system, processing it and turn waste into useful valuable products.
Ms. Swati Bedekar from the Vatsalya Foundation , who came to raise the funds for the Menstrual hygiene project, followed by Ms. Nisha Grover from Akshar trust who had come to raise fund in ‘Early intervention for deaf babies’, where a facility is set up for early detection, diagnosis and intervention of deaf babies.
Out of the five participants Dr Juin Dutta, from Srotsoshwini Trust was the one who had come to raise the fund for setting up ‘New classroom support’ in terms of providing furniture and learning material for the pathshala the trust runs which would enhance the learning environment of children, leading them to perform better in academics and co curricular activities.
The fifth participant was Hetaxi Champaneri representing the State home for Women, also known as the Nari Sanrakshan Gruh. It’s a Government run Institution under the Ministry of Women and Child Development. She participated for her immediate requirement which included supporting 3 women to be self-sufficient through skill development and organizing their weddings.
Out of the five participants Akshar Trust got Super Deal of 8lakhs against the ask of Rs. 4 lakhs. All the four sharks funded the noble cause of Akshar trust . While Anwesha Foundation received 14 lakhs against the ask of Rs12lakhs through the support of two Sharks Dr Ruchi Mehta and Mrs. Mallika Amin , who contributed Rs. 7 lakhs each for the noble cause of Anwesha foundation. While Srotsoshwini Trust received funding of Rs. 8,98,000/- jointly from two sharks Mrs. Madhavi Agarwal and Mrs. Taruna Patel for the noble cause of New classroom support for underprivileged kids.
Social Shark Mrs. Mallika Amin from the Alembic Group, Talking about her experience said “I must congratulate the FICCCI FLO Vadodara for such a wonderful concept . These kind of program will help the NGO’s to raise funds for various noble cause. The program has been a grand success and I wish all the best to FICCI FLO Vadodara for their future endeavors.
It was an emotional moment for the Sharks, and spectators when all four sharks offered combined support of Rs. 4 lacs to Hetaxi , who was representing Nari Sanrakshan Gruh and had asked for Rs.4 lacs , which were to be used for the vocational training of three destitute females of the Gruh and for their marriage. All the spectators gave a big round of applause, on the occasion of handing over of the cheque and wished for the happy life of the three girls.
Talking to Media, the Chairperson of FICCI FLO , Ms. Reshma Patel said, “ the event has displayed the commitment of women towards making the world a better place and bringing about change the way we look towards the society. The chapter is going to focus on major activities throughout the year which will give power to empower the Ladies members of FICCI FLO Vadodara and other women of the City, and this was the first effort towards the same.
ZEROITE-THE ECO SPACE IS GUJARAT’S FIRST ZERO WASTE operational in Vadodara, city of Gujarat for last 2 years.
Zeroite on the World Intellectual Property Day, launched it’s E-COMMERCE /ONLINE STORE
which will be the first of it’s kind in the world to be the online platform to order all kinds of sustainable products including your daily essentials from source to door free of any sort of plastic packaging and free from any chemicals and animal cruelty.
The online store will be launched by the global citizen Ma Anand Sheela who was the former Spokesperson of the Rajneesh Movement and the UNEP recognised Environmentalist -Founder Director Rajeshwari Singh in Vadodara.
Real Heroes Empowerment Action (OPC) Pvt Ltd (RHEA)
Company’s CORE PHILOSOPHY- MISSION & VISION
Rhea is a character in Greek mythology, the daughter of the earth goddess. Goddess of female fertility , motherhood and generation.
As the name suggests, RHEA is a brand created by the women nurturing and protecting our planet ‘Mother Earth’ giving Alternatives to Single-Use-Plastics.
We at RHEA love our planet and want to have as minimal negative impact as possible. As a retailer we are very responsible for what we do, produce and what we sell.
Along with our Initiative of empowering women; our products help the planet minimize waste whether that be through reusable products, biodegradable packaging and zero waste packaging.
We at RHEA follow an E- 4 Tier Model of maintaining balance between all these three aspects- Economics- Education-Empowerment- Environment.
Talking to Media, Ms. Rajeshwari Singh said,” Zeroite will be an online ecosystem connecting all small businesses to big manufacturers present in India to sell their products which are totally eco friendly and sustainable.
Zeroite also plans to go to create transportation and packaging green as much possible it can be. This industry is growing rapidly and will bring in lots of greener solutions for future. And we will be in position to find multiple alternatives to single use plastics and entrepreneurs could be easily connected to reach out their customers globally.”
Alembic Pharmaceuticals receives USFDA Tentative Approval for Ivabradine Tablets, 5 mg and 7.5 mg.Alembic Pharmaceuticals Limited (Alembic) today announced that it has received tentative approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Ivabradine Tablets, 5 mg and 7.5 mg. The tentatively approved ANDA is therapeutically equivalent to the reference listed drug product (RLD) Corlanor Tablets, 5 mg and 7.5 mg, of Amgen Inc. (Amgen). Ivabradine Tablets are indicated to reduce the risk of hospitalization for worsening heart failure in adult patients with stable, symptomatic chronic heart failure with left ventricular ejection fraction ≤ 35%, who are in sinus rhythm with resting heart rate ≥ 70 beats per minute and either are on maximally tolerated doses of beta-blockers or have a contraindication to beta-blocker use. Ivabradine Tablets are indicated for the treatment of stable symptomatic heart failure due to dilated cardiomyopathy (DCM) in pediatric patients aged 6 months and older, who are in sinus rhythm with an elevated heart rate. It may not be indicated for certain other uses due to unexpired exclusivities for the RLD for such uses. Ivabradine Tablets, 5 mg and 7.5 mg have an estimated market size of US$ 102 million for twelve months ending December 2021 according to IQVIA. Alembic has received a cumulative total of 164 ANDA approvals (140 final approvals and 24 tentative approvals) from USFDA.
Alembic Pharmaceuticals Limited, a vertically integrated research and development pharmaceutical company, has been at the forefront of healthcare since 1907. Headquartered in India, Alembic is a publicly listed company that manufactures and markets generic pharmaceutical products all over the world. Alembic’s state of the art research and manufacturing facilities are approved by regulatory authorities of many developed countries including the USFDA. Alembic is one of the leaders in branded generics in India. Alembic’s brands, marketed through a marketing team of over 5000 are well recognized by doctors and patients. Information about Alembic can be found at https://www.alembicpharmaceuticals.com/; (Reuters: ALEM.NS) (Bloomberg: ALPM) (NSE: APLLTD) (BSE: 533573)
Alembic Pharmaceuticals Limited (Alembic) today announced that its wholly owned
subsidiary, Aleor Dermaceuticals Limited (Aleor) has received final approval from the US
Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for
Lidocaine and Prilocaine Cream USP, 2.5%/2.5%. The approved ANDA is therapeutically
equivalent to the reference listed drug product (RLD) EMLA Cream, 2.5%/2.5%, of Teva
Branded Pharmaceutical Products R&D, Inc. Lidocaine 2.5% and Prilocaine 2.5% cream (a
eutectic mixture of lidocaine 2.5% and prilocaine 2.5%) is indicated as a topical anesthetic for use on normal intact skin for local analgesia and genital mucous membranes for
superficial minor surgery and as pretreatment for infiltration anesthesia. Lidocaine 2.5% and
Prilocaine 2.5% cream is not recommended in any clinical situation when penetration or
migration beyond the tympanic membrane into the middle ear is possible because of the
ototoxic effects observed in animal studies
Lidocaine and Prilocaine Cream USP, 2.5%/2.5% has an estimated market size of US$29
million for twelve months ending Dec. 2021 according to IQVIA.
Alembic has received a cumulative total of 163 ANDA approvals (140 final approvals and 23
tentative approvals) from USFDA.
About Alembic Pharmaceuticals Limited
Alembic Pharmaceuticals Limited, a vertically integrated research and development
pharmaceutical company, has been at the forefront of healthcare since 1907. Headquartered
in India, Alembic is a publicly listed company that manufactures and markets generic
pharmaceutical products all over the world. Alembic’s state of the art research and
manufacturing facilities are approved by regulatory authorities of many developed countries
including the USFDA. Alembic is one of the leaders in branded generics in India. Alembic’s
brands, marketed through a marketing team of over 5000 are well recognized by doctors and
Information about Alembic can be found at https://www.alembicpharmaceuticals.com/;
METRO strengthens its presence in Karnataka; increases store count to 31 nationally
New store integrated with METRO’s ecommerce app ‘METRO WHOLESALE’ to offer convenient shopping experience for traders and kiranas
Store located at Navanagar Road will help generate close to 500 direct and indirect employment opportunities for the local economy
Being ‘Vocal for Local’, 99% of products that METRO sells at its stores are all ‘Made in India’
National ReleaseMETRO Cash & Carry, India’s largest organized wholesaler and food specialist today launched its first ‘METRO Wholesale’ Distribution Center (store) at Hubballi. The new store, which is the company’s 31st wholesale store in India, was inaugurated by Shri Arvind Bellard, MLA, Hubli-Dharwad constituency along with Mr. Arvind Mediratta, MD & CEO, METRO Cash & Carry India; and in the presence of Shri Nitish Patil, Deputy Commissioner and District Magistrate, Dharwad, Dr Gopal Krishna, Commissioner, Hubli Dharwad Municipal Corporation, and key supplier partners from the city. METRO India has expanded its operation to north Karnataka with Hubballi, the company’s eighth store in the state after six operational stores in Bengaluru and one in Tumakuru.
Spread over 34,000 sq.ft., the Hubballi store is strategically located at Navanagar Road and is a one stop destination for the daily needs of business customers in the city. The store, initially catering to over 35000 registered business customers, will fulfill the business requirements of kiranas and traders; Hotels, Restaurants & Caterers (HoReCa); Services, Companies and Offices (SCOs) and self-employed professionals. Apart from Hubballi, the store will cater to customers from Hubli-Dharwad and neighboring districts and talukas like Gadag, Haveri, Nargund, Navalgund, Kalgathagi, Davangere amongst others.
The new store offers METRO’s promise of 5 star quality, wholesale price and everything under one roof, and stocks a wide array of globally benchmarked quality assortment of over 8000 products in both food and non-food category. The store will help generate close to 500 direct and indirect employment opportunities for the local and state economy. The store is also integrated with METRO’s B2B e-commerce app- ‘METRO Wholesale’ App for traders and kiranas and will offer them the convenience of browsing and ordering online, and getting their stocks delivered at their doorstep through GPS enabled trucks.
Speaking about METRO’s commitment towards sustainable expansion in India, Mr. Arvind Mediratta, MD and CEO, METRO Cash & Carry India said, “We are delighted to expand our operations north of Karnataka with our eighth store in the state and bring the METRO Wholesale experience to the culturally rich city of Hubballi. As Champion for Independent Business, we are committed to empower the small businesses and MSMEs in Hubballi by providing a robust distribution network as well as boost the local supplier eco-system.As we expand our footprint in the state, we are enabling employment opportunities for over 500 youth in various operations, directly and indirectly, which will provide a huge impetus to the local economy.
He further added, “With the opening of our 31st store in the country, we are bullish on our India expansion; we will continue to add more stores; create more job opportunities; upskill the local talent; strengthen the indigenous sourcing and implement METRO’s globally benchmarked quality and best practices to fulfil the larger vision of AatmaNirbhar Bharat.”
As Champion for Independent Business, METRO has always been committed to support the local business eco-system; 99% of products METRO sells are all locally sourced from MSMEs & local suppliers. The Hubballi store also provides a robust platform to several indigenousregional brands such as MWB Commodities, SVT oil range, Vaishnavi Rice, SVRM Rice amongst others to cater to the local consumption needs. Apart from range of fresh fruits & vegetables, the store has varieties of rice, pulses, flours, spices, oil & grains, dry fruits and array of other commodities. The store will also offer a variety of METRO’s Own brand products that are competitively priced to provide value proposition to customers. The store houses hotel and restaurant supplies, office supplies along with multitude of products in the non-food segment such as electronics, apparels, textiles, households, stationary, home improvements, footwear, luggage etc. Apart from a diverse product range, METRO Wholesale members will receive expertise and assistance from METRO’s commodity experts and access to a loyalty program designed to make their buying experience more seamless and affordable.
METRO has been at the forefront of enriching independent businesses and empowering the Kirana ecosystem through its Smart Kirana program. A first of its kind initiative, the program helps traditional mom and pop stores to transform with modernization and digitalization solutions to compete in the modern retail landscape. METRO is leading the way in kirana digitization and has so far helped modernize operations of over 2000 kiranas across the country
National, April 12 2022: India’s leading carrier – IndiGo has been ranked the 6th largest airline by passenger volume in the OAG Frequency & Capacity Statistics for March 2022. According to the report, IndiGo had carried more than 2.02 million passengers in the month, as per data collected till 28 March 2022), which the highest for any carrier in Asia.
OAG also called out IndiGo as the fastest growing airlines in the world, with a frequency increase of 41.3% in the month. The report also ranks IndiGo among the Top 10 airlines in the world by seat capacity for the month of March 2022.
The OAG Frequency & Capacity Statistics data lists the 20 largest global airlines by flights based monthly, in addition to statistics on airport and route capacities. IndiGo is the only Indian airline to feature in this list.
Mr. Ronojoy Dutta, Wholetime Director and Chief Executive Officer, IndiGo said, “It is exciting to see IndiGo among the top airlines in the world. It also is a moment of pride for India, and a strong indicator that the nation is bouncing back strongly from the pandemic. With the easing of restrictions around the world, we look forward to opening more routes and frequencies. This will allow an even greater number of passengers to experience an affordable, on-time, safe and hassle-free travel experience, onboard our lean clean flying machine.”
In addition to the capacity increase in March 2022, IndiGo has recently announced the re-introduction of scheduled operations of more than 150 international flights from various airports in India in April. IndiGo has also added several new routes to its domestic network.
IndiGo is amongst the fastest growing low-cost carriers in the world. IndiGo has a simple philosophy: offer fares that are affordable, flights that are on time, offering a courteous, hygienic, and hassle-free travel experience. With its fleet of 275+ aircraft, the airline is operating over 1500 daily flights and connecting 73 domestic destinations and 24 international destinations. For more information, please visit www.goIndiGo.in. You can also connect with us on Facebook, Twitter, and Instagram.
OAG is a leading global travel data provider which has been powering the growth and innovation of the air travel ecosystem since 1929. Every day, we support millions of journeys across the globe, enabling a simpler, seamless, and more enjoyable travel experience. With the world’s largest network of schedules and status data, and leading-edge analytics tools, we enable our customers to make smarter decisions, better adapt to change, and create exceptional customer experiences. We partner with some of the biggest global brands, airports, airlines, travel operators, and fast- growing start-ups to design the best services available today, and the finest innovations of tomorrow. Headquartered in the UK, OAG has global operations in the USA, Singapore, Japan, Lithuania, and China.