The Hindu·2 min read·medium
Cipla Q1 net dips 39% to ₹785.55 crore as North America business drags
T
The Hindu Bureau
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Cipla reported a 39% decline in net profit for the first quarter, falling to ₹785.55 crore due to weak performance in the North American market. Despite the overall dip, the company saw revenue growth in India and maintained steady performance in other international markets.
Drugmaker Cipla’s consolidated net profit for the quarter ended June declined 39% to ₹785.55 crore compared to the ₹1,291.61 crore in the corresponding period last year on the back of lower sales in the key North America market.
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