Strides Shasun announces Q2 FY18 results

31 Oct 2017

Strides Shasun announced its Q2 FY18 results today. Q2 FY18 revenues at Rs 10,006 m were up 20% QoQ.
Growth during the quarter was driven by a strong performance in regulated markets on the back of new product launches in the US and continued growth in Australia. Rebound in the branded business across emerging markets also contributed to a strong sequential improvement in performance.
Shashank Sinha, Managing Director, remarked “We are pleased that our business has rebounded strongly driven by regulated markets growth. We had successful new product launches in the US and strong store additions in Australia. We expect continued growth driven by our focus on executing new product launches as approval momentum has picked up and operating leverage is kicking in. (EOIC)