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Wockhardt’s UK Business Continues To Grow

As Company Records Double-Digit Growth In India Market

 
• By Akriti Seth

Wockhardt’s UK segment continues to grow as the company records a 66% increase for the second quarter ending 30 September 2021. The company’s India market and Irish market performed well, while its emerging markets and US market failed to deliver. 

UK
Wockhardt delivers another strong quarter with the help of its UK business • Source: Alamy

Wockhardt has reported “substantial growth” of 66% to INR3.87bn ($52m) in its UK business for the firm’s financial second quarter ending 30 September 2021, helping the company’s overall revenue to grow by 21% to INR8.62bn. The company noted that its UK business contributed about 45% of its global revenues, with the majority of growth coming from its COVID-19 vaccine business.

Furthermore, for the first half of the financial year 2021, Wockhardt’s earnings from the UK business stood at INR7.94bn, a substantial jump of 76%, from INR4

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