Strides' US Revenues Soar As Recovery Strategy Is ‘Executing To Plan’

Strides Pharma is “very confident” about future after the Indian company’s fourth-quarter US revenues rocketed by 181% and EBITDA margins beat market expectations.

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STRIDES' US REVENUES GROW SHARPLY • Source: Shutterstock

After posting strong fourth-quarter earnings, Strides Pharma Science Ltd founder and group chief executive Arun Kumar said the company’s fortunes "are now resurgent" thanks to a “major strategy reset” focused on growing US revenues and an exit from Australia.

US sales rocketed 181% to INR37.32bn ($53m) in the fiscal fourth-quarter of 2018-19 from the same year-ago period, while overall revenue jumped 24% to INR83.89bn

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