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Update Menkind Gift Card Review
Mankind Pharma Q1 Results: Profit up 66% on strong sales 1 min read Aug 2, 2023 21:32 IST
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Its net profit rises to ₹ 494 crore compared to net profit of ₹ 298 crore in the corresponding quarter of 2022-23.
The company’s total revenue rose to 2,637 million pounds in the June quarter of the current fiscal period from 2,196 million pounds in the year-ago period. (REUTERS)
Mankind Pharma Ltd on Wednesday reported a 66% rise in profit in the first quarter of the 2024 financial year thanks to strong domestic sales. Its net profit stands at Rs 494 crore compared to a net profit of Rs 298 crore in the corresponding quarter of 2022-23.
The company’s total revenue rose to 2,637 million pounds in the June quarter of the current fiscal period from 2,196 million pounds in the year-ago period, Mankind Pharma said in an exchange filing.
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Mankind Pharma’s board has approved the reappointment of Ramesh Juneja as its chairman and Rajeev Juneja as vice chairman and managing director, the drugmaker said.
Its chronic drugs segment’s share of domestic sales rose 36% in the June quarter from 34% a year ago.
“The pharma segment has outperformed the Indian pharma market by 1.5 times, driven by volume growth and record chronic share (of drugs),” Rajeev Juneja, vice-president and managing director of Mankind Pharma, said on Wednesday.
In May, the drugmaker said it would rely on growth in the segment, which includes cardiovascular, antidiabetic and respiratory drugs, among many others.
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In the March quarter of 2022-23. Mankind Pharma reported a 52% increase in consolidated profit after tax (PAT) to ₹ 294 crore.
In May, the Income Tax Department raided the company’s premises due to allegations of tax evasion.
Mankind Pharma also launched an IPO this year. The initial share sale worth ₹ 4,326 crore in April was subscribed 15.32 times.
Founded in 1991, Mankind Pharma is involved in the development, manufacturing and marketing of a diverse range of pharmaceutical formulations in various acute and chronic therapeutic areas, as well as numerous consumer healthcare products.
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You are now subscribed to our newsletters. In case you can’t find any email from us, please check your spam folder. Indusind Bank Stock Price 1, 429,551.59% Titan Company Stock Price 2, 9800.83% Power Grid Corporation of India Stock Price 2420.73% Mahindra & Mahindra Stock Price 1, 545.60.7% Tech Mahindra Stock Price 1, 235.50% Asian Paints. share price 3, 234.25-2.89% share price Kotak Mahindra Bank 1, 800.4-1.63% share price ITC 451.45-1.56% share price Axis Bank 9.56% -1.12 % share price of Bharti Airtel 874.45-1.05%
Thu, 10 Aug 2023 15:59:09 Tata Motors Share Price 618.1 -0.75% Tata Steel Share Price 120 -0.12% State Bank of India Share Price 573.55 -0.03% Share Price ICICI Bank 964.2 -0.86% NT4% share price 0 .
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India has seen a rise in pet ownership over the past decade, which accelerated during the pandemic. Food plays a vital role in providing health and nutritional value to pets. Mankind Pharma aims to improve the health of pets with its range of medicines, supplements and grooming
PetStar dog food will meet the growing needs of the pet community, which includes dry food, treats, sauce and other products.
NEW DELHI: Pharmaceutical company Mankind Pharma Ltd. sought out the pet food segment, launching PetStar dog food. The company said it will strive to make the brand a nutritious and healthy food brand for pets, dogs and cats.
The company, in a statement, said it aims to build and support the pet care ecosystem by offering pet food, medicine, supplements and pet care products. PetStar dog food will meet the growing needs of the pet community, which includes dry food, treats, sauce and other products. The products will be available in a variety of flavors and will be manufactured in the UK using European technology and raw materials. The company said that its products are manufactured in accordance with British Retail Consortium Global Standards (BRCGS) safety standards and that the food is tested in laboratories, keeping in mind the Indian climatic conditions.
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India has seen a rise in pet ownership over the past decade, which accelerated during the pandemic. Food plays a vital role in providing health and nutritional value to pets. With this aspiration, Mankind Pharma aims to improve the health of pets with its medicines, supplements and care range. Rajeev Juneja, Managing Director and Vice President of the company said, “After looking at the growing number of pet owners we decided to do this. expanding our offer into the pet care segment. Realizing that pets have different physical needs, we thought about it keeping in mind the requirements of pets that suit each breed.
Varuni Khosla is a journalist with nearly 14 years of experience writing business news for major news companies such as Mint and The Economic Times. He reports and writes on luxury and lifestyle brands, hospitality and tourism news, sports business, advertising and marketing business and alcohol brands.
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You are now subscribed to our newsletters. In case you can’t find any email from us, please check your spam folder. THE UNIVERSE GIFT GROUP IS ONE OF THE LEADING AND FASTEST GROWING OPERATORS IN THE BRITISH GIFTS AND GIFTS INDUSTRY. Comprehensive multi-channel business sourcing, product development and sales in the novelty, gift and gadget markets. The company began trading when Menkind opened its first store in 2002 and over the next few years established its position in the specialist gadgets and gifts sector. Since then, the business has grown organically and through a series of acquisitions and now has an unrivaled market reach through nationwide retail stores, multiple e-commerce channels and wholesale distribution to some of the UK’s top retail brands. In October 2022, Gift Universe was transferred to an Employee Ownership Trust (EOT) with the majority of the business owned by Gift Universe Group Trustee Ltd, for the benefit of all employees. The business will continue to be run on a commercial basis under the management of the directors of Gift Universe Group Ltd. Read more
60 different locations nationwide with an additional 30 Christmas pop-ups, as well as online at www.menkind.co.uk. The business has grown steadily, specializing in original gifts and gadgets ranging from licensed products to personal items and technology.
With an in-house product development team, Menkind is able to offer a variety of exciting products designed for its customers. Furthermore, thanks to its long-term relationships with partners and suppliers, Menkind can count on being the first on the market, as well as on the offer of a number of unique products.
Source Wholesale is our B2B distribution division which supplies our range of branded and exclusive products to retailers and distribution partners mainly across the UK, with recent expansion into Europe and the US.
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There is a wide range of customers including high street brands, online retailers as well as toy, fashion, pharmacy and specialty stores.
Prezzybox is a pure play oriented women’s gift market founded in 2000 and acquired by Gift Universe in June 2022.
The acquisition of Prezzybox gives Gift Universe a further opportunity to develop and grow our offering by expanding our reach into the women’s gift market, allowing us to continue to expand our customer base.
Founded 2020 – Online pop culture specialist shop operating in the £5 billion officially licensed merchandise market covering films, TV, anime, games and comics.
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Whether customers are looking for merchandise from major franchises such as Marvel, DC, Star Wars and Harry Potter, or something more niche, the wide range lends authority to the brand. As a niche offering, Lost Universe has grown a loyal customer base with high levels of repeat purchases.
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