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Lupin Q2 Profits Slump But US Approvals Pick-Up In Sight

 
• By Anju Ghangurde

Lupin has reported a 35% decline in net profits for the second quarter with sales inching up only marginally, hurt by a slowdown in product approvals in the US and a lack of "material" launches there.

Lupin has reported a 35% decline in net profits for the second quarter with sales inching up only marginally, hurt by a slowdown in product approvals in the US and a lack of "material" launches there.

The Indian firm's top brass, though, indicated that things may be on the up on both fronts.

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